OYO Parent Prism Files For IPO Via Rs 6,650 Crore Fresh Issue

As per the UDRHP, Prism plans to use Rs 4,987.5 crore from the proceeds to repay or prepay borrowings, while the remaining funds will be used for general corporate purposes. IPO is structured entirely as a fresh issue, with marquee investors including SoftBank’s SVF India Holdings, Microsoft, Airbnb, Peak XV Partners, Lightspeed, RA Hospitality Holdings, Global Ivy Ventures, InCred and others not selling any shares.

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