OYO parent PRISM cleared for Rs 6,650 cr IPO as US Motel 6 deal reshapes footprint

PRISM has secured SEBI nod to raise Rs 6,650 crore via IPO. CEO Ritesh Agarwal frames the listing alongside OYO's $525M Motel 6 acquisition, positioning the group as North America's largest economy hotel brand owner and a template for Indian corporates owning US brands.

— Source publishedThu, 4 Jun, 2026, 11:52 IST·First seen Thu, 4 Jun, 2026, 11:54 IST·Source Business Standard · Companies

What happened

Oyo · OYO parent PRISM secured SEBI clearance to raise Rs 6,650 crore via IPO. CEO Ritesh Agarwal highlighted US expansion via $525M Motel 6 acquisition,

Key facts

  • Rs 6,650 crore
  • $525 million

Why this matters

PRISM's IPO-funded Motel 6 acquisition sets a live template for Indian-listed corporates buying scaled US consumer brands, opening comparable inbound-to-outbound M&A windows we should map now.