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After the CCI fine, FHRAI asks SEBI to once more block the OYO IPO.

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By lapaasindia
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  • The Federation of Hotel and Restaurant Associations of India (FHRAI) has asked SEBI to prohibit the IPO of the travel-tech company after the Competition Commission of India (CCI) recently penalised OYO.
  • To safeguard additional hoteliers in the nation, the FHRAI wrote to SEBI last year and requested that the IPO process be put on hold.
  • OYO was penalised ₹ 168.88 crores for deceptive business practices.

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