PRISM, the parent of OYO, has filed confidential draft IPO papers with the Securities and Exchange Board of India (SEBI), according to sources aware of the development. The filing follows shareholders’ approval at an Extraordinary General Meeting (EGM) held on December 20, where the company received consent to raise up to Rs 6,650 crore through a fresh issue of equity shares.
The proposed public offering is expected to value the company in the range of $7–8 billion, people familiar with the matter said.
The company had initially appointed ICICI…

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