Eyeing ejection of Oyo's proposed IPO, FHRAI moves SEBI
Mon, Oct 25, 2021 2:12 PM

Eyeing ejection of Oyo's proposed IPO, FHRAI moves SEBI

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The Federation of Hotel and Restaurant Association of India (FHRAI) applied to Sebi to suspend the proposed listing of Oyo. The company alledged misrepresentation in the draft prospectus. The development comes weeks after Zostel, which was engaged in a more than five-year-long legal battle with Oyo also sought the regulator's intervention against the proposed PO.

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