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The Times of India
The Times of India
Business
TNN

Sebi asks Oyo to refile IPO papers

SEBI OYO IPO New Delhi

MUMBAI: Capital markets regulator Sebi has asked Oravel Stays, the parent of tech-based travel service provider Oyo, to refile its IPO papers with ‘applicable updates’. On September 30 last year, Oravel Stays had filed papers to go public through an IPO that would be worth a little over Rs 8,400 crore.

According to the latest update on documents related to public offers filed with Sebi, on December 30 last year the markets regulator returned Oyo’s papers and asked it to refile the same with ‘applicable updates/revisions’. Kotak Mahindra Capital is the lead merchant banker to the offer.

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