[ad_1] File. | Photo Credit: Reuters Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a $7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI. When reached out, […]
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[ad_1] After Paytm’s IPO fiasco, SEBI has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus (DRHP) with […]
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[ad_1] Image for representational purpose only IPO-bound travel tech firm OYO on Saturday announced it will downsize about 10% of its 3,700-employee base by cutting 600 jobs in the technology and corporate verticals and hiring 250 members, primarily in the relationship management teams. OYO said the move is part of implementing wide ranging changes in […]
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[ad_1] Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices Top executives of eight domestic tech firms, including Paytm founder Vijay Shekhar Sharma […]
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