Paytm Hikes IPO Size To Rs 18,300 Cr, Ant, Softbank To Offload More Stake
The Free Press Journal|October 28, 2021
Digital financial services firm Paytm will increase its initial public offer size to Rs 18,300 with company's biggest shareholder Alibaba group firm Ant Financial and existing investors including Softbank deciding to dilute more stake in the company, sources said.
Paytm Hikes IPO Size To Rs 18,300 Cr, Ant, Softbank To Offload More Stake

The company had plans to raise a total of Rs 16,600 crore by issuing fresh equity worth Rs 8,300 crore and another Rs 8,300 crore through an offer-for-sale.

With existing shareholders deciding to dilute more equity, the offer-for-sale will go up by Rs 1,700 crore to Rs 10,000 crore.

This story is from the October 28, 2021 edition of The Free Press Journal.

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This story is from the October 28, 2021 edition of The Free Press Journal.

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