One97 Communications News

Paytm may scrap pre-IPO sale plan, over valuation differences: Report

Paytm may scrap pre-IPO sale plan, over valuation differences: Report

New Delhi: Paytm, the Indian digital payments pioneer backed by Jack Ma’s Ant Group Co., is considering scrapping the proposed ₹ 2,000 crore ($268 million) share sale ahead of its initial public offering over valuation differences, according to people familiar with the development. The firm had been seeking a valuation

In run-up to IPO Paytm intends to issue fresh equity shares worth ₹12,000 cr

In run-up to IPO Paytm intends to issue fresh equity shares worth ₹12,000 cr

New Delhi: The parent company of Paytm brand, One97 Communications Ltd, is likely to issue fresh equity shares worth ₹12,000 crore, for its primary fund raise, ahead of its much-awaited initial public offering (IPO) – planned around November-end this year. Among other proposals, Paytm founder Vijay Shekhar Sharma is also