PRISM Approved for ₹6,650 Crore IPO

OYO's parent company, PRISM, got permission from its shareholders to raise ₹6,650 crore through an IPO.

This means they can sell shares to the public to get more money for their business.

They had a special meeting where everyone agreed to this plan.

A company called Moody's thinks OYO will make a lot more money in the next few years.

This IPO is a big step for OYO to grow bigger and better.

Shareholders also agreed to give extra shares as a bonus.

OYO has been making more money each year, and they want to keep growing.