Paytm gets Sebi nod for mega Rs 16,600-cr IPO, may get stock market listing by mid-November
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Digital financial services firm Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer, a source involved in the process said on Friday. The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing. "Sebi has given approval for Paytm IPO," the source said on condition of anonymity. The company's plan of shelving the pre-IPO raise is not related to any valuation differences, the source added.
Digital financial services firm Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer, a source involved in the process said on Friday. The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing. "Sebi has given approval for Paytm IPO," the source said on condition of anonymity. The company's plan of shelving the pre-IPO raise is not related to any valuation differences, the source added.
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