Oyo parent Prism gets shareholders’ nod for Rs 6,650 crore IPO

Oyo’s parent company, Prism, has secured shareholder backing for its initial public offering. The company plans to raise up to Rs 6,650 crore through fresh equity shares. Shareholders also approved a bonus share issuance. These approvals are significant steps towards Prism’s public listing. Recent financial performance shows strong profit and revenue growth for Oyo.

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Sebi moves to standardise consent rules for AIFs

Securities and Exchange Board of India (Sebi) is proposing significant governance changes for alternative investment funds. The regulator aims to standardize investor consent, enhance oversight