As long as the market remains volatile, OYO's listing could be delayed.

24 May 2022

OYO, a hospitality and travel-tech company, has written to stock market regulator Sebi to request revised and restated consolidated financial information in order to undertake its initial public offering after September. According to persons familiar with the situation, the business, which had filed preliminary paperwork with the SEBI in October last year to raise Rs 8,430 crore through an initial share offer, is now willing to accept a lesser valuation of approximately $7-8 billion rather than the $11 billion it had hoped for.