News agency PTI reported on Sunday that the board of Paytm has granted the firm in-principle approval to raise around Rs 22,000 crore through an initial public offer (IPO).
Paytm shareholders include Alibaba s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), Vijay Shekhar Sharma (14.67 per cent).
Paytm board grants in-principle approval to launch around Rs 22,000 crore IPO in Q3 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
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Tiger, Steadview Capital, Vy Capital and others also participated in the round. The company has so far raised $370 million of equity capital from investors across various rounds. Its other early investors include Bessemer India, Elevation Capital, and Accel India.
According to the filings, Prosus has invested $61.93 million, DF International $37 million, and Wellington Management $33.2 million, giving them a 3.18%, 1.90% and 1.7% stake, respectively.
The documents show Urban Company allotted 2,613 equity shares and 50,490 Series F preference shares at an issue price of Rs 265,553.1 a piece to raise around $190 million (Rs 1,410.2 crore). News website Entrackr was the