Oyo defers IPO plan again amid turmoil

Oyo Hotels is delaying its plans for an Oct IPO after opposition from SoftBank and a tumultuous turn in the stock market this year. SoftBank has balked at the proposed timing and pressed Oyo to hold off on an IPO until its earnings are stronger, according to people familiar with the matter.

This is Oyo's third attempt to go public since 2021, but it faces a grim market with Trump's tariff policies sapping investor appetite for risk. SoftBank holds a stake in Oyo that is bigger than founder Ritesh Agarwal's over 30% stake. Without fund's agreement to not sell into the IPO, any listing would face major hurdles.

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