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Zo Rooms Entitled to 7% Shareholding In $9 bln Valued-Oyo, Arbitral Tribunal Holds
Shreya Agrawal
9 March 2021 8:50 AM IST
An award by an arbitral tribunal in a tussle between Oravel Stays Pvt Ltd (Oyo) and start-up Zostel Hospitality Pvt Ltd (Zostel), holding that Zo Rooms is entitled to allotment of 7% shareholding in Oyo, could open the doors to what Zostel is touting as the "biggest exit in the Indian startup eco-system".The award was passed in a 3-year old arbitration dispute between the two hospitality...
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