Oyo parent seeks shareholder nod for Rs 6,650 cr IPO

Prism, Oyo’s parent, has called an EGM on December 20 to seek approval for a Rs 6,650-crore IPO and a revised bonus issue of one share for every 19 held. Shareholders will also vote on raising authorised share capital to Rs 2,491 crore, with the bonus record date set for December 5.

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Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation

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