OYO flags Zostel dispute as potential business risk in IPO filing

Download OYO’s updated IPO papers here . PRISM, the parent company of OYO, flagged an ongoing legal dispute with Zostel as a potential risk to its business in its initial public offer (IPO) documents filed on Tuesday. “Any adverse outcome in legal proceedings involving Zostel may materially and adversely affect our business, reputation, prospects, results of operation and financial condition, including the potential issuance or transfer of up to 7% of our shareholding,” OYO said in the updated D