Oyo’s parent company, Prism, has secured shareholder backing for its initial public offering. The company plans to raise up to Rs 6,650 crore through fresh equity shares. Shareholders also approved a bonus share issuance. These approvals are significant steps towards Prism’s public listing. Recent financial performance shows strong profit and revenue growth for Oyo.
Oyo’s parent company, Prism, has secured shareholder backing for its initial public offering. The company plans to raise up to Rs 6,650 crore through fresh equity shares. Shareholders also approved a bonus share issuance. These approvals are significant steps towards Prism’s public listing. Recent financial performance shows strong profit and revenue growth for Oyo. by Soban News (international And National News)
