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Vijay Shekhar Sharma's Paytm eyes India's largest IPO debut in November


Vijay Shekhar Sharma s Paytm eyes India s largest IPO debut in November
IPO process will eventually start in late June or July. The IPO debut will be a mix of new and existing shares to comply with the Centre s regulations of floating 10 per cent shares in two years and 25 per cent in the five years
BusinessToday.In | May 27, 2021 | Updated 15:30 IST
Paytm founder Vijay Shekhar Sharma
Vijay Shekhar Sharma led Paytm is eying India s largest initial public offering (IPO) to raise about Rs 21,800 crore as it plans to list on the country s bourses in November. Paytm s parent company One97 Communications Pvt Ltd is targeting a valuation of around  $25 billion from the IPO. Paytm s IPO launch could turn out to be one of the most anticipated market debuts and is likely to coincide with the Diwali festival. ....

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