OYO parent PRISM cleared for Rs 6,650 cr IPO as US Motel 6 deal reshapes footprint
PRISM has secured SEBI nod to raise Rs 6,650 crore via IPO. CEO Ritesh Agarwal frames the listing alongside OYO's $525M Motel 6 acquisition, positioning the group as North America's largest economy hotel brand owner and a template for Indian corporates owning US brands.
OYO parent PRISM secured SEBI clearance to raise Rs 6,650 crore via IPO. CEO Ritesh Agarwal highlighted US expansion via $525M Motel 6 acquisition, positioning OYO as largest economy hotel brand owner in North America.