Business · Updated 20 Oct, 04:31 pm IST

OYO-parent PRISM to cut IPO fresh issue to up to Rs 3,350 crore

Why it matters for readers: This explains why a major company might ask the market for less cash than originally planned.

PRISM plans to reduce the IPO fresh issue size to up to Rs 3,350 crore.1
People familiar with the matter said the cut follows continued strong cash generation.1
An improving balance-sheet position has lowered the amount of capital the company needs to raise.1

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