The Times of India News

IPO news: OYO parent PRISM clears shareholder vote to raise up to Rs 6,650 crore; listing plan moves a step closer

OYO's parent company, PRISM, has received shareholder approval to raise up to Rs 6,650 crore through a fresh equity issue for its upcoming IPO. This significant milestone signals steady progress towards a public market debut, with the company also seeing improving financial expectations and a stable outlook from Moody's.