The billionaire founder of Paytm faces a crucial test of investor confidence Friday, when shareholders will decide whether they want him at the helm of a fintech pioneer that made one of the worst debuts in Indian history. Vijay Shekhar Sharma’s role as the chief executive officer is among the items to be voted on … Read more
New Delhi: Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of Rs 2,150 apiece on November 16 after market regulator SEBI’s approval which is expected to come on Monday, sources aware of the development said. Earlier the allocation was expected to take place on Monday and … Read more
New Delhi: After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are … Read more
China’s largest fintech conglomerate Ant Group is likely to sell at least 5% of its 30.33% stake in Paytm parent One97 Communications before the latter’s Initial Public Offering (IPO) slated for November, sources aware of the matter told ET. This is because Paytm wants to bring down Ant’s stake to below 25% to comply with … Read more
Mumbai: Digital payments firm Paytm’s shareholders on Monday approved a resolution for the company to raise Rs 12,000 crore in fresh shares through an initial public offering (IPO), according to sources close to the company. This makes the public listing of India’s second most valued startup all but official. The Noida-based fintech firm is now … Read more
Digital payments startup Paytm will ask for shareholder permission to sell about $1.6 billion in new stock as part of what’s set to be India’s largest-ever initial public offering. The company wants to sell 120 billion rupees ($1.61 billion) in new shares plus a potential 1per cent for over-allotment, the company said in a notice … Read more
By Saritha Rai India’s Paytm is asking employees to decide whether they want to sell shares in the digital payments pioneer’s planned initial public offering, taking another step toward what could be the country’s largest stock market debut ever. The startup, formally called One97 Communications Ltd., sent the “offer for sale” to its staff Monday … Read more