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SEBI returns OYO’s draft IPO papers

By nihalshaikh9881 | January 3, 2023 by nihalshaikh9881

SEBI returns OYO’s draft IPO papers, Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm OYO, to refile the draft IPO papers with certain updates. The move might delay the Gurugram-based hospitality unicorn’s initial public offering (IPO). Join Our Instagram Channel OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs 8,430 crore IPO. The proposed offering consists of a…

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OYO public issue likely to be delayed by another quarter

By nihalshaikh9881 | January 2, 2023January 2, 2023 by nihalshaikh9881

OYO public issue likely to be delayed by another quarter, Hospitality chain Oyo’s initial public offering (IPO) is likely to be delayed by three months as India’s capital markets regulator has asked the Ritesh Agarwal-promoted startup to update its draft IPO papers, The Economic Times has reported. Oravel Stays (Oyo) has been requested by the Securities and Exchange Board of India (Sebi) to update risk factors, its key performance indicators (KPIs), pending lawsuits, and the basis…