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Paytm Files For INR 16,600 Cr IPO
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Paytm shareholders approve Rs 12,000 cr primary fundraise at company EGM
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Vijay Shekhar Sharma-led Paytm receives shareholders nod to raise Rs 12,000 crore
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Paytm president Amit Nayyar, 4 other senior executives resign ahead of IPO
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Chinese nationals step down from Paytm board ahead of planned IPO; no change in shareholding
NEW DELHI, July 7: All Chinese nationals on the board of digital payments firm Paytm have been replaced by US and Indian citizens, while there is no change in existing shareholding, according to a regulatory filing of the company.
Alipay representative Jing Xiandong, Ant Financial’s Guoming Cheng, and Alibaba representatives Michael Yuen Jen Yao (US citizen) and Ting Hong Kenny Ho have ceased to be directors of the company, as per the regulatory document.
According to a source, Paytm now has no Chinese national on its board.