Hospitality technology firm Prism, the parent company of OYO, has received SEBI approval for its proposed Initial Public Offering (IPO) worth ₹6,650 crore. The company had filed its Draft Red Herring Prospectus (DRHP) earlier, and the filing was supported by stakeholders' approval. Rakesh Prusty, a resident of Bargarh and General Counsel of Prism, played a key role in securing this approval. Prism has been expanding its presence in India, the US, and Europe, focusing on premium brands and vacation rentals. An updated draft (UDRHP-1) is expected to be filed in July for public feedback. https://sambad.in/state/prizm-to-launch-ipo-of-rs-6650-crore-gets-approval-from-sebi-12034912 #creator program