Ant may dilute Paytm stake
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Ant Group may not be able to participate in
Paytm s IPO. Now, sources tell us the Chinese company will probably reduce its 30.33%
stake in Paytm s parent firm ahead of its IPO. Read on to find out why.
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Ant Group likely to sell a sixth of its Paytm stake before IPO
China’s Ant Group is likely to sell at least a sixth, or 16.67%, of its 30.33% stake in One97 Communications, the parent company of Paytm, ahead of the fintech firm’s initial public offering in November, sources told us.
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Zomato may advance IPO
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Zomato, which was earlier expected to launch its initial public offer on July 19, may now do so five days sooner. Find out why the food delivery company is in a tearing hurry to go public.
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Zomato could bring forward IPO to July 14
Why? The company and its bankers want the launch to happen as quickly as possible, amid scepticism over the continuing strength of the recent market rally.
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