SEBI asks OYO to refile IPO draft papers with changes
The Softbank-backed travel tech firm eyes raising ₹8,430 cr. The proposed offering comprises a fresh issue of shares of up to ₹7,000 cr and an OFS worth ₹1,430 cr.
The Softbank-backed travel tech firm eyes raising ₹8,430 cr. The proposed offering comprises a fresh issue of shares of up to ₹7,000 cr and an OFS worth ₹1,430 cr.
OYO will let go of 10% of its staff from its product, engineering, corporate and vacation homes teams. Layoffs are seen as a clean-up ahead of its IPO launch next year.
OYO Hotels' parent company Oravel Stays plans to launch its initial public offering (IPO) by early 2023.
OYO had filed initial papers with SEBI to raise about $1.1 billion in 2021. Revised DRHP shows a reduction in losses in FY22