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

Anushka Singh, Published on Jul 9th, 2026

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.

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