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OYO parent appoints ex-SEBI chief Ajay Tyagi to board ahead of IPO pushCNBC-TV18 had earlier reported that OYO’s parent had confidentially filed draft IPO papers with SEBI, signalling a fresh attempt at tapping public markets after deferring earlier listing plans. The move reflects a broader reset within the company as it sharpens its focus on profitability, governance, and long-term capital market readiness.By Srabastee Biswas  February 26, 2026, 6:55:13 PM IST (Updated)2 Min ReadOYO parent company PRISM has appointed former SEBI Chairman Ajay Tyagi as an Independent Director to its Board, strengthening its governance bench as it prepares for a potential public market debut.

Tyagi, a 1984-batch IAS officer, led the Securities and Exchange Board of India from 2017 to 2022, overseeing key reforms in disclosure standards, investor protection, and primary market supervision. Prior to SEBI, he served as Additional Secretary in the Department of Economic Affairs, where he handled capital markets, investment policy, infrastructure financing and bankruptcy law reforms.

His appointment comes at a pivotal time for PRISM.

CNBC-TV18 had earlier reported that OYO’s parent had confidentially filed draft IPO papers with SEBI, signalling a fresh attempt at tapping public markets after deferring earlier listing plans. The move reflects a broader reset within the company as it sharpens its focus on profitability, governance, and long-term capital market readiness.

Founder Ritesh Agarwal said Tyagi’s depth in capital markets regulation and governance will be invaluable as PRISM scales while strengthening accountability and institutional standards.

The company has filed draft papers with SEBI to raise up to ₹6,650 crore through a fresh issue of equity shares.

OYO currently operates over 22,000 hotel storefronts and 123,000 home storefronts across more than 35 countries as of June 30, 2025. The company has in recent quarters focused on improving operating metrics, rationalising international operations, and tightening financial discipline as it eyes a market listing, a statement said.

Also read: OYO’s parent files confidential IPO papers with SEBI: Sources

The Board already includes global and domestic heavyweights across governance, investment and consumer sectors, including former Starbucks CFO Troy Alstead, Lightspeed’s Bejul Somaia, SoftBank’s Sumer Juneja and Akasa Air Co-Founder Aditya Ghosh. The Board already includes global and domestic heavyweights across governance, investment and consumer sectors, including former Starbucks CFO Troy Alstead, Lightspeed’s Bejul Somaia, SoftBank’s Sumer Juneja and Akasa Air Co-Founder Aditya Ghosh.

The move reflects a broader trend among late-stage new-age companies to strengthen their boards with regulatory and governance expertise as they transition from private funding to the scrutiny of public markets.Continue ReadingFirst Published: Feb 25, 2026 3:57 PM ISTTagsOyoSEBI