Prism—OYO’s parent company—is moving ahead with key milestones in its capital restructuring plans, with 5 December set as the cut-off date for determining eligible shareholders for its proposed bonus share issuance.
Under the current proposal, Prism intends to issue one fully paid bonus share for every nineteen shares held, pending final shareholder approval.
The development comes as the company prepares for another crucial vote later this month related to its upcoming public listing.
Revised Bonus Issue Terms
Prism recently adjusted the framework for the bonus issue after receiving feedback from investors and stakeholders.
The updated structure has been designed to treat all equity shareholders uniformly under the revised plan.
According to details shared in the Extraordinary General Meeting (EGM) notice, the bonus shares will be allotted from the firm’s reserves and share premium accounts.
Record Date Confirmed for 5 December
Shareholders whose holdings are reflected in their demat accounts as of 5 December will be eligible for the proposed bonus entitlement.
The proportion remains unchanged at 1:19, subject to final procedural approvals at the upcoming vote.
EGM on 20 December to Decide IPO Plans
In addition to the bonus issue, Prism has also scheduled an EGM on 20 December, where investors will vote on whether to authorise the company’s much-anticipated initial public offering.
The IPO proposal seeks approval to raise as much as ₹6,650 crore through the issuance of fresh equity shares—marking a significant step forward in OYO’s preparation to enter the public markets.
Summary
Prism has set 5 December as the record date for its proposed 1:19 bonus share issue, subject to shareholder approval. The company has also scheduled a crucial EGM on 20 December, where a resolution to raise up to ₹6,650 crore via an IPO will be put to vote, signalling the next major step in OYO’s journey toward public listing.
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