PayMate India Limited (“PayMate” or “Company”), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains has announced that it has incorporated and registered its entities in Singapore and Sri Lanka to offer its B2B payment platform that is aimed to help customers with their working capital needs.
Leading B2B payments and services provider PayMate India has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,500 crore through an initial public offering (IPO).
New Delhi, May 30: Leading B2B payments and services provider PayMate India has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares worth Rs 1,125 crore and Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS include promoters — Ajay Adiseshan and Vishvanathan Subramanian […]