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.
Sebi revises reporting norms for AIFs, introduces annual activity report
Sebi has revised the reporting framework for Alternative Investment Funds, replacing detailed quarterly submissions with a comprehensive annual report, reducing compliance burden, improving ease of