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Paytm eyes Rs 2,000 crore before Rs 16.600 crore IPO Top Searches Paytm eyes Rs 2,000 crore before Rs 16.600 crore IPO TNN / Jul 13, 2021, 07:17 IST FacebookTwitterLinkedinEMail Representative image MUMBAI: Paytm parent One97 Communications will raise $268 million (Rs 2,000 crore) in a round ahead of its initial public offering (IPO) by issuing shares to institutional investors. Shareholders of Paytm’s holding company on Monday approved a Rs 16,600-crore IPO, of which Rs 12,000 crore will be raised through a fresh issue of new shares worth Rs 8,300 crore. Existing investors SoftBank and Ant Group will have the option to sell shares worth another Rs 8,300 crore. The shareholders also approved a resolution repositioning the company from a promoter-led entity to a professionally managed one. While Vijay Shekhar Sharma would cease to be a promoter, the shareholders approved his appointment as chairman, managing director and CEO and vested him with powers required to make dec

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