From Human Trafficking Case To Feud With Zostel: A Look At PRISM’s Legal Battles

After filing its updated draft red herring prospectus (UDRHP) with the SEBI, OYO-parent PRISM has set its sight to list on the Indian equities market for the third time. In its third IPO attempt, the Ritesh Agarwal-led company is looking at raising ₹6,650 Cr from the public markets while none of its existing shareholders are looking to offload any stake in the company. A large chunk of the fresh proceeds will help the company repay or prepay certain borrowings.