OYO Parent PRISM Appoints Former SEBI Chairman Ajay Tyagi Ahead of IPO

PRISM, the parent company of OYO preparing for an IPO, has appointed former SEBI Chairman Ajay Tyagi as an Independent Director to strengthen its board and governance. The board includes experts from various sectors such as finance, technology, and consumer businesses. PRISM aims to raise Rs 6,650 crore through a confidential IPO filing with SEBI, potentially valuing the company between USD 7-8 billion. Tyagi's experience in capital markets and governance is expected to support PRISM's growth and accountability efforts.