India, Dec. 23 -- [Update] December 23, 15:15 IST

PRISM, the parent of hospitality unicorn OYO, has received the approval from its shareholders to raise up to INR 6,650 Cr via a fresh issue of equity shares as part of its proposed IPO, according to regulatory filings accessed by Inc42.

The company received the nod at its extraordinary general meeting (EGM) held on December 20.

Alongside the IPO proposal, shareholders also approved a bonus issue of shares in the ratio of 1:19, that is issuance of one fully paid equity share for every 19 shares held. The company has set December 5, 2025, as the record date to identify the eligible shareholders.

[Original] November 28, 19:15 IST

PRISM, the parent company of OYO, has called an extraordin...