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
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