<p>SoftBank-backed Oyo Hotels & Rooms has shortlisted investment banks JP Morgan, Kotak Mahindra Capital and Citi for its initial public offering in India, financial news website Moneycontrol reported on Monday, citing multiple industry sources.</p>.<p>The three banks were taken on board recently and work on the issue has started, Moneycontrol quoted one of the persons cited above as saying. </p>.<p>Oyo did not immediately respond to Reuters' request for comment.</p>
<p>SoftBank-backed Oyo Hotels & Rooms has shortlisted investment banks JP Morgan, Kotak Mahindra Capital and Citi for its initial public offering in India, financial news website Moneycontrol reported on Monday, citing multiple industry sources.</p>.<p>The three banks were taken on board recently and work on the issue has started, Moneycontrol quoted one of the persons cited above as saying. </p>.<p>Oyo did not immediately respond to Reuters' request for comment.</p>