Zostel seeks SEBI review of Oyo's disclosures in draft IPO papers

Zostel has urged SEBI to examine the disclosures given by Oyo-parent Prism in its updated draft IPO papers. Zostel claimed that the draft papers present a partial and selective overview of their legal fight over a 7% equity claim, which could affect how the IPO is valued. The legal dispute stems from Oyo's proposed acquisition of Zostel in 2015.