Oyo-ZO Rooms

The firm has said it will 'vehemently oppose' any move to make it execute the definitive agreement for its disputed acquisition of Zostel Hospitality

ZO's assets include a network of 11,000 rooms in 1,000 hotels across more than 50 cities and towns in India

OYO said that in late-2015 it had explored a potential acquisition of ZO Rooms and the non-binding term sheet for that deal was terminated in September 2016