OYO-Parent PRISM Files ₹6,650 Cr IPO Amid Pile Of Legal Battles
PRISM has filed for a ₹6,650 Cr third IPO attempt, posting ₹748.3 Cr net profit in 9M FY26. But disclosures flag heavy legal overhang: the long-running Zostel dispute, US human trafficking suits tied to Motel 6/G6, a ₹168.88 Cr CCI penalty, and SoftBank-linked tax disputes touching ~7% of shareholding.
OYO-parent PRISM filed UDRHP for a ₹6,650 Cr third IPO attempt, posting ₹748.3 Cr profit in 9M FY26, but disclosed extensive legal risks including the Zostel dispute, US trafficking suits, a ₹168.88 Cr CCI penalty, and SoftBank tax disputes.
Why this matters
PRISM's third IPO attempt arrives with rare profitability (₹748.3 Cr in 9M FY26) but a dense stack of legal risks spanning Zostel, US trafficking suits, a CCI penalty, and SoftBank tax disputes that could weigh on investor confidence.
Retail-company signals are accelerating, up +450800% QoQ.
Also reported by
- Inc42 · Buzz — 1h after first sighting