OYO Parent PRISM To Raise INR 6,650 Cr Via IPO

OYO has called an extraordinary general meeting (EGM) to seek shareholders’ approval for raising up to INR 6,650 Cr ($743.2 Mn) via a fresh issue of shares as part of its long due IPO

Ahead of the IPO, the company has also proposed a bonus issue under which shareholders will receive 1 bonus share for every 19 shares held

PRISM revised its bonus structure after feedback from investors and shareholders. The bonus shares will be issued from the company’s share premium and…