OYO-parent Prism cuts IPO fresh issue size by 50% to ₹3,350 crore

OYO-parent Prism has halved its planned IPO fresh share issue to ₹3,350 crore from ₹6,650 crore as it prepares for a public listing. The company first planned to go public in 2021 but has faced repeated delays. The reduction follows an improvement in its balance sheet, lowering the capital it needs to raise from investors.