Oyo’s parent company, Prism, secures shareholder approval for ₹6,650 crore IPO.

Shareholder Approval: Prism, Oyo’s parent company, received shareholder approval for its ₹6,650 crore IPO.

Type of Offering: The IPO will involve the issuance of fresh equity shares.

Extraordinary General Meeting: Approvals were granted at an EGM held on December 20, 2025.

Bonus Shares: Shareholders also approved a bonus share issuance of 1 share for every 19 existing shares, with December 5, 2025 as the record date.

IPO Status: The IPO is subject to regulatory approvals and market conditions.

Company Background: Prism, formerly Oravel Stays, is the parent company of Oyo and has shown improving financial performance recently.

Source: https://economictimes.indiatimes.com/markets/ipos/fpos/oyo-parent-prism-gets-shareholders-nod-for-rs-6650-crore-ipo/articleshow/126138063.cms?from=mdr

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