OYO parent Prism files updated IPO papers for Rs 6,650 crore issue: What investors should know
Hospitality firm Prism, parent of OYO, has filed updated papers for a Rs 6,650 crore IPO, comprising only a fresh issue of shares. The company plans to use most proceeds to repay borrowings. Prism reported a significant jump in revenue and profit for the first nine months of FY26, driven by its US business. S&P Global Ratings also revised Prism’s outlook to ‘Positive’.
Hospitality firm Prism, parent of OYO, has filed updated papers for a Rs 6,650 crore IPO, comprising only a fresh issue of shares. The company plans to use most proceeds to repay borrowings. Prism reported a significant jump in revenue and profit for the first nine months of FY26, driven by its US business. S&P Global Ratings also revised Prism’s outlook to ‘Positive’.
Continue Reading
- Iran Executed Over 1,000 People In 2025, Highest In 17 Years: NGO
-
Jitan Ram Manjhi vs RJD Over “Tampered” Video That “Exposed Rigging” In Bihar
- India-US trade: America top buyer of Indian electronics, seafood, apparel; goods exports to Washington surged 23.5% annually
- Gold rally: Soaring prices cool festive demand; experts see short-term correction but back annual SIP buying
- Big trade boost: India, UAE aim to double bilateral non-oil, non-precious metal trade to $100 billion; what’s on the agenda
-
Court Issues Summons To Shilpa Shetty’s Husband Raj Kundra in Bitcoin Scam
- Kerala Plus One Second Allotment Result Released, Details Here
-
ICICI Prudential AMC listing: Stock lists at 20% premium on Dalal Street; check price, outlook & more
- Oil drives April exports to highest in 4 years; imports up 10%, trade deficit at 3-month high
- Shubhman Gill Excluded As Irfan Pathan Picks His Best 12 Of IPL 2025. Captain Is…