Zostel files rejoinder; alleges OYO’s response to SEBI “misleading” & “misrepresentation of facts”
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A few days ago, IPO-bound hospitality unicorn OYO wrote to market regulator SEBI denying all allegations made against it made by Zostel Hospitality. It had dismissed Zostel’s claim to the Delhi High Court of staying the IPO over the unfinalised capital structure. In a rejoinder filed by Zostel to the market regulator, the hospitality startup wrote that OYO’s parent Oravel Stays has again “misrepresented the legal facts.”