News > If Zostel wins the case, it will be entitled to 7% stake in OYO

If Zostel wins the case, it will be entitled to 7% stake in OYO

If OYO loses the case against Zostel, the latter will be obligated to a 7% stake in the company or a settlement of an equivalent amount, according to the divisional bench of the Delhi High Court in its decision on Zostel’s appeal.

The bench was hearing an appeal filed by OYO’s former rival after a single-judge bench of the Delhi High Court dismissed its interim appeal, which barred OYO from changing its shareholding through an initial public offering.