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Paytm board grants in-principle approval for around Rs 22,000 crore IPO.

Digital payments and financial services firm Paytm has received in-principle approval from the company’s board to raise around Rs 22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source.

The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO.

“The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around Rs 21,000-Rs 22,000 crore from the IPO. This will also give some of the existing investors to offload some of their stake,” the source aware of the development told PTI.

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