Oravel Stays Pvt Ltd | Zee News

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Oravel Stays Pvt Ltd News

14 Sep 2021

IPO-bound OYO to become public limited company

The company intends to list its equity shares on one or more stock exchanges to enable shareholders with a formal marketplace for dealing with equity shares. Last week, the board of Oravel Stays Private Limited had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore. OYO is likely to file its draft red herring prospectus (DRHP) with Sebi in the next couple of months, according to sources.

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