Paytm app offers today9/23/2023 ![]() ![]() Paytm allocated shares worth Rs 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of the country's largest stock market listing. ![]() ![]() The company will also invest in new business ventures, partnerships and acquisitions, and the remaining funds will be used for other corporate activities. Paytm aims to utilise the returns from the IPO for various activities like "acquisition of consumers and merchants and providing them with greater access to technology and financial services". Paytm's IPO consists of a fresh issue of Rs 8,300 crore and an offer for sale (OFS) by existing shareholders worth Rs 10,000 crore.Īpart from Paytm's managing director and CEO Vijay Shekhar Sharma, investors like Japan's SoftBank, China's Ant Group and Alibaba as well as Elevation Capital are among the top investors diluting their stakes in the IPO.
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