Una Galani
3 minute read
A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. Picture taken January 31, 2019. REUTERS/Amit Dave - RC1C2463DEA0
MUMBAI, July 20 (Reuters Breakingviews) - Indiaâs payments posterchild is a smaller, sturdier version of its top backer, Ant. Paytm filed on Friday to raise some $2.2 billion in whatâs set to be the countryâs largest initial public offering in rupees. The company founded by Vijay Shekhar Sharma is well placed to rapidly expand in financial services without running into the kind of rude regulatory shock that kyboshed the Chinese financial technology giantâs own IPO plans.