Paytm Identifies Key Leadership With IPO DRHP In Sight
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-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.