Market controller Sebi as of late gave the go-ahead to the underlying offer of Paytm, getting the way for one free from the greatest IPOs found in the Indian market. The issue will see the issuance of new value shares, just as CEO Vijay Shekhar Sharma and different advertisers weaken their stake. Participating in the celebration, very rich person Harsh Goenka shared a video showing how joyed Sharma may have been to get the guard dog\'s endorsement for skimming the IPO. In a new Twitter post, Goenka shared an old video of Sharma making something happen on the well-known \'Apni
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Paytm Looking To Launch Rs 16,600-Cr IPO By October
Paytm plans to earmark Rs 2,000 crore for business initiatives, acquisitions and strategic partnerships and up to 25 per cent of the total fund raised through the IPO for general corporate purposes.
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Digital payments and financial services firm Paytm wants to hit the market with its Rs 16,600 crore IPO at the earliest and very likely by October, sources said on Monday.
The company had filed draft papers for its initial share sale with the market regulator SEBI on July 15. It expects a response from the capital market watchdog by mid-September, after which it plans to proceed with listing as early as possible.