India, Feb. 25 -- IPO-bound hospitality giant OYO's parent PRISM has onboarded former SEBI chairman Ajay Tyagi as an independent director on its board.

Tyagi will be responsible for strengthening the company's board governance and look after PRISM's journey to the public market.

He started his career as an IAS officer and served at several senior policy and administrative roles in different ministries over a tenure of 33 years. Later, he joined SEBI in 2017 as the chairman, where he was responsible for supervising India's securities markets, strengthening regulatory and disclosure frameworks, investor protection, and supervising primary and secondary market activity. His tenure at SEBI ended in 2022.

Currently, Tyagi serves as an indep...