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Paytm says 'IPO Karo' DRHP filed, $2.2 billion Diwali IPO planned

Jul 16, 2021 12:27 IST | By Editorji News Desk

The most awaited startup IPO is set to make a diwali launch, fintech giant Paytm has filed papers for an initial public offer (IPO) upto $2.2 billion. Here is what you need to know-:

  • Paytm parent company looking to raise a total of Rs 16,600 cr 
  • Paytm IPO to have Rs 8300 cr of fresh issue, Rs 8300 cr OFS 
  • Parent company Ant Group to offload 6% via issue to meet SEBI norms
  • IPO proceeds to be used for new business initiatives and acquisition
  • Paytm expected around diwali 

Also watch: Why Paytm replaced chinese nationals with Indians on the board

Paytm says 'IPO Karo' DRHP filed, $2.2 billion Diwali IPO planned

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