Zostel and OYO

Photo: Legal Sarcasm

OYO Opposes Zostel Threats To Restrict OYO's IPO Activities

In retaliation to a notice from Zostel threatening to limit its IPO preparation efforts, OYO published an open letter on its blog. OYO is allegedly planning a public sale of shares "without complying with the provisions of the award and allotment to the shareholders; the ownership to which they are entitled," as per Zostel. In response, Oyo claims that it is an attempt to circumvent the Delhi High Court's processes.

Wed, 29 Sep 2021 - 05:05 PM / by Vidhi Jhunjhunwala

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