businessinsightsglobe
Business Astro Business Insights

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.

Related posts

Tata 1MG franchise: Become a partner of Tata group by investing only 10 thousand rupees, will earn big every month.

businessinsightsglobe

Missile Man Dr. APJ Abdul Kalam Sir on His 90th Birth Anniversary.

businessinsightsglobe

Ola hires former Vedanta executive GR Arun Kumar as its new group Chief financial officer

businessinsightsglobe

Gautam Adani becomes Asia’s second richest person.

Elon Musk’s Tesla introduces cabin-facing camera.

Ahmedabad based digital media tech startup NewsReach, has received funding from Shashvat Nakrani, Co-founder of BharatPe

businessinsightsglobe

Leave a Comment