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Listen to this article in summarized format People cited above said the reduction in the issue size follows a stronger balance-sheet position, which has lowered the amount of capital the company needs to raise compared with what was planned previously. The company did not respond to requests for comment. A source familiar with the matter said funding requirements have come down, and the company is reducing the amount of primary capital it was planning to raise. "The company intends to repay the residual debt over the next two to three years through cash flows generated by the business,” another person said. Under the revised structure, most of the issue proceeds are proposed to be used towards repayment or prepayment, in part or full, of certain borrowings. The revised issue comes as PRISM moves towards the next stage of its proposed IPO following its earlier filing of the UDRHP-I. Global ratings agency Moody's recently revised the outlook on PRISM to Positive from Stable, while affirming the company's B2 corporate family rating. Moody's expects that PRISM will sustain stronger earnings and free cash flow generation over the next 12–18 months, supporting further debt reduction and maintaining very good liquidity. Moody's also expects PRISM's EBITDA to grow to approximately Rs 3,000 crore over the next 12–18 months, supported by continued expansion of its global hospitality network and the addition of new storefronts to its platform. The agency highlighted the company's improving profitability, with EBITDA more than doubling to Rs 2,630 crore in FY26 from Rs 1,080 crore in FY25. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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