IPO-bound Oyo to become public limited company: Check details here

Shareholders of Oravel Stays, the parent company of hospitality firm OYO, have approved the conversion of the company from a private limited company to a public limited company, according to a regulatory filing.

Subject to receipt of any necessary approvals from any government, statutory or regulatory authority, the name of the company be and is hereby changed from Oravel Stays Private Limited to Oravel Stays, as per a Registrar of Companies (RoC) filing by the company.

The company intends to list its equity shares on one or more stock exchanges to enable shareholders with a formal marketplace for dealing with equity shares.

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