MAM
Reebok launches Rockport Spring/Summer collection
BANGALORE: Rockport, brought to India by Reebok India Company, has announced the launch of its Spring/Summer ’05 collection. Priced at Rs 5,990 and RS 4,490, respectively, these shoes come with DMX technology applied to a Rockport comfort foot bed.
DMX is a dynamic air transfer system, which creates cushions of moving air for an unprecedented level of comfort. Available in white/black and white/tan combinations at Rockport exclusive and select Reebok stores across the country, informs a company release.
Rockport has also announced the launch of Sebring I.O shoes from the I.Travel range as part of their Spring/Summer ’05 collection. Targeting comfort for customers from the street to the boardroom, Sebring I.O shoes is priced at RS 4,490. Available in black and tan, these shoes come with stroebel construction for forefoot flexibility to aid the walking motion.
The Footbed has EVA filler for lightweight cushioning for reducing foot and leg fatigue. Rubber midsole provides a durable grip on a variety of surfaces. These shoes will be available at Rockport exclusive and select Reebok stores across the country, the release adds.
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Oyo parent Prism appoints former Sebi chief Ajay Tyagi to Board
Former market regulator joins Prism to strengthen governance for IPO
NEW DELHI: Prism, the parent entity of Oyo, has appointed former Sebi chairman Ajay Tyagi as an independent director, as the hospitality firm gears up for its planned Rs 6,650 crore initial public offering (IPO).
Tyagi, a 1984-batch IAS officer, served as chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. His appointment is aimed at strengthening the company’s governance framework and providing strategic oversight as it moves closer to a public listing.
He joins a high-profile board that already includes several prominent names from global business and policy circles. These include Troy Matthew Alstead, former CFO and group president of Starbucks; Aditya Ghosh, co-founder of Akasa Air; Deepa Malik, paralympic athlete and Padma Shri awardee; William Steve Albrecht, professor of accountancy at Utah State University; and Bejul Somaia, partner at Lightspeed Venture Partners.
Prism founder Ritesh Agarwal, said Tyagi’s experience in capital markets regulation and public-institution stewardship will be critical as the company scales operations and enhances long-term accountability.
The company recently filed preliminary papers with Sebi to raise Rs 6,650 crore through a confidential route. Market sources estimate its valuation will be in the range of $7 billion to $8 billion.
Over the course of his career, Tyagi has held senior roles in the ministry of finance, where he oversaw investment policy and financial-sector reforms. His induction to the Prism board signals a renewed focus on aligning the company’s internal standards with the stringent requirements of public markets as it advances toward its IPO.
