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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 ....
Paytm Identifies Key Leadership With IPO DRHP In Sight Share story -Financial services platform Paytm has strengthened its leadership team ahead of its much awaited initial public offering (IPO) -On July 12, shareholders of One97 Communications, the parent company of IPO-bound Paytm, agreed to its proposal of raising INR 16,600 Cr IPO -The Noida-based online payment firm is all set to bag INR 12,000 Cr through freshly issued shares and INR 4,600 Cr through secondary elements where investors will sell their stake directly With its sights set on an attractive draft red herring prospectus (DRHP) for investors Paytm has identified nine executives within the organisation as key managerial personnel, according to sources in the organisation. The DRHP is likely to be issued later this week. ....
Paytm's key management personnel likely to be named in its DRHP business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.