OYO-parent PRISM to nearly halve IPO fresh issue size to up to Rs 3,350 cr: Sources
A quarterly results development with market-wide reach.
· Economic Times Markets, BS Companies
PRISM is set to scale back its initial public offering from Rs 6,650 crore to Rs 3,350 crore in light of its robust cash flow and enhanced balance sheet. The majority of the newly structured funds will focus on repaying or prepaying debts. Moody's Ratings has adjusted PRISM's outlook to positive, anticipating growth in EBITDA.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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