OYO parent PRISM clears SEBI hurdle for Rs 6,650 cr IPO as Agarwal eyes US brand dominance
OYO founder Ritesh Agarwal says Indian corporations are positioned to become major US brand owners, pointing to OYO's USD 525 million Motel 6 acquisition and the extended-stay housing opportunity. Parent PRISM has secured SEBI clearance for a Rs 6,650 crore IPO.
OYO parent PRISM secured SEBI clearance for Rs 6,650 crore IPO. Founder Ritesh Agarwal said Indian corporations will become major US brand owners, citing OYO's Motel 6 acquisition and US extended-stay housing opportunity.