News > Hospitality industry body urges Sebi again to suspend OYO's IPO process

Hospitality industry body urges Sebi again to suspend OYO's IPO process

Business Standard | 16/12/2021 10:00 PM | Click to read full article

Hospitality industry body FHRAI on Thursday again requested market regulator Sebi to suspend OYO's IPO process, citing non-disclosure of an investigation against the hotel chain for tax evasion, an allegation which the company has strongly denied.

Earlier in October, FHRAI had urged Sebi to suspend OYO's IPO process, drawing attention to irregularities, such as being engaged in anti-competitive business practice and inadequate disclosures of critical court cases, among others.