OYO Parent PRISM Gets Shareholder Nod for Rs 6,650 Cr IPO

• OYO's parent firm PRISM received shareholders' approval to raise up to Rs 6,650 crore via a fresh issue of equity shares for its proposed IPO.
• The approval was granted at an Extraordinary General Meeting (EGM) held on December 20, 2025.
• This allows PRISM flexibility to access public markets at an appropriate time, subject to regulatory approvals and market conditions.
• The EGM approval is a significant step in PRISM's preparations for a public listing.
• Moody's reaffirmed PRISM's stable corporate family rating, expecting EBITDA to more than double to USD 280 million (Rs 2,496 crore) by FY26.

Why It Matters: PRISM secures shareholder approval for a Rs 6,650 crore IPO, paving the way for public listing.