Oyo shortlists investment banks for $1.2 billion IPO: Describe

ReutersFinal Updated: Aug 09, 2021, 01: 52 PM IST

Synopsis

The three banks had been taken on board no longer too long ago and work on Oyo IPO has started, in step with the file.

BENGALURU: SoftBank-backed Oyo Hotels & Rooms has shortlisted investment banks JP Morgan, Kotak Mahindra Capital and Citi for its initial public providing in India, monetary recordsdata web fair Moneycontrol reported on Monday, citing loads of commercial sources.

The three banks had been taken on board no longer too long ago and work on the grief has started, Moneycontrol quoted one in all the persons cited above as asserting.

Oyo did no longer straight acknowledge to Reuters demand for jabber.

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Oyo shortlists investment banks for $1.2 billion IPO: Describe

The three banks had been taken on board no longer too long ago and work on Oyo IPO has started, in step with the file.