OYO Strengthens Board Ahead of IPO, Brings Former SEBI Chief Ajay Tyagi as Independent Director
Tyagi will now take responsibility to boost the company’s board governance and look after PRISM’s journey to the public market.
Former SEBI chairman Ajay Tyagi joins OYO parent PRISM’s board as independent director ahead of the company’s planned IPO.
PRISM, the parent company of OYO, has made a big independent director appointment news ahead of its planned stock market debut. The company has brought in former SEBI chairman independent director OYO, Ajay Tyagi, to its board to help guide the firm as it prepares for its OYO IPO preparations board appointments.
Ajay Tyagi is a senior. He is a well known person in India's financial world. He was the chairman of the SEBI (Securities and Exchange Board of India). While he was the chairman, he helped a lot in strengthening the rules around investor protections and how companies operate in India's stock markets. His long experience in finance, markets, and corporate law gives PRISM’s board more experience as it moves toward going public.
PRISM’s decision to add Tyagi comes at a key moment. The company has already filed draft papers with SEBI to raise around ₹6,650 crore through an IPO. The planned public offering could value PRISM OYO Hotels & Holdings corporate hire at around $7–8 billion. Bringing in experienced people like Tyagi is meant to improve governance and build trust with future investors.
In his new role, he will act as an independent director on the board. He will be joining other experts from different types of industries. This includes finance, education and technology. Tyagi’s appointment shows how PRISM is working to boost its management team and governance as it moves closer to a big step—OYO IPO preparations board appointments and the eventual public listing.
Many experts see bringing a SEBI veteran in hospitality sector board as a positive sign that PRISM wants to be stronger and more transparent before it becomes a public company.
