Oyo parent Prism files for Rs 6,650 crore IPO at $7-8 billion valuation
Prism, Oyo's parent, has filed updated draft papers with Sebi to raise up to Rs 6,650 crore ($703 million) via a primary share sale. The company is targeting a $7-8 billion valuation, with most proceeds earmarked for debt repayment.
Oyo parent Prism filed updated draft IPO papers with Sebi to raise up to Rs 6,650 crore via a primary share sale, eyeing $7-8 billion valuation, with most proceeds earmarked for debt repayment.
Why this matters
Marks Prism's third IPO attempt, again seeking Rs 6,650 crore, this time amid stacked legal battles and as the US overtakes India as Oyo's biggest market.
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