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SUMMARY
The board of Zolo approved the startup’s proposal to sell its student accommodation vertical to Good Host Spaces on February 10
90% of the consideration (INR 97.02 Cr) will be payable in cash, while the remaining 10% (INR 10.78 Cr) in optionally convertible dentures
The sale will enable Zolostays to focus on business operations and pursue growth opportunities
Bengaluru-based coliving spaces provider Zolo is set to sell its student accommodation business to Mumbai-based Good Host Spaces Management Services for INR…
