Hospitality firm Oyo shortlists investment banks for Indian IPO: Report

OYO in Manali, India. Photo: OYO Rooms

SoftBank-backed Indian hospitality startup Oyo Hotels & Rooms has shortlisted JP Morgan, Kotak Mahindra Capital and Citi for a more than $1.2 billion initial share sale, a financial news website reported on Monday, citing multiple industry sources.

The three investment banks were taken on board recently, Moneycontrol reported, quoting one of the sources.

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