Prism, the parent company of OYO Hotels, has received shareholder approval to raise Rs 66.50 billion through an initial public offering (IPO). The move marks a significant step toward strengthening its capital base, reducing debt, and fueling expansion in India and international hospitality markets.
Prism, the holding company of OYO Hotels, has announced that its shareholders have approved plans to raise Rs 66.50 billion via an IPO. The filing signals the company’s intent to tap public markets for fresh capital, following years of restructuring and strategic realignment. The IPO is expected to provide liquidity, reduce leverage, and support OYO’s aggressive growth trajectory in both domestic and overseas markets.
Key highlights from the announcement include
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Prism, OYO’s parent company, will raise Rs 66.50 billion through an IPO.
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Shareholders approved the proposal, paving the way for regulatory filings and market preparation.
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The funds are expected to reduce debt and strengthen the company’s balance sheet.
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Capital will also be deployed to expand OYO’s footprint in India and global hospitality markets.
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The IPO comes after OYO’s recent efforts to streamline operations and improve profitability.
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Industry analysts view the move as a critical milestone in OYO’s journey toward sustainable growth.
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The offering is anticipated to attract strong investor interest given OYO’s brand recognition and scale.
This IPO approval underscores Prism’s strategy to leverage capital markets for long-term expansion, positioning OYO as a stronger player in the competitive hospitality sector.
Sources: Reuters, Economic Times, Business Standard