Zostel Withdraws Fresh Plea Against OYO, Next Hearing In August

by · Inc42

SUMMARY

  • Zostel has withdrawn an urgent application it had filed with the Delhi High Court seeking protection for a 7% stake it has claimed in IPO-bound PRISM
  • Zostel had argued that 7% of OYO’s total share capital be escrowed or it be provided equivalent security until the time the dispute between both parties is over
  • The fresh plea was filed by Zostel after OYO filed its updated DRHP with SEBI last month to raise ₹6,650 Cr through a fresh issue of shares