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Due to an increase in profits, we regularly get approached for cheaper financing options, but the company’s board hasn’t approved anything, including prepaying some portion,.
The Delhi High Court outrightly refused Zostel's plea to take up 7% ownership in Oyo, much ahead of Oyo's IPO.
The company had filed its Draft Red Herring Prospectus (DRHP) with the Securities & Exchange Board of India (SEBI) in September last year and is aiming to raise Rs 8,430 crore, including a primary issuance of Rs 7,000 crore.