OYO’s charter restricts SoftBank from acquiring over 50% without investors’ approval

OYO in Manali, India. Photo: OYO Rooms

India’s largest hospitality company Oyo Hotels and Homes (OYO) has incorporated a clause in its charter that restricts Japanese conglomerate SoftBank from increasing its stake in the company beyond 50 per cent without prior approval from the founder and largest minority investors, The Times of India reported.

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