Tag: Paytm

Paytm IPO oversubscribed almost 2 occasions: FIIs flood difficulty, home mutual funds and HNIs present least curiosity – Occasions of India

NEW DELHI: Paytm’s Rs 18,300-crore IPO on Wednesday was oversubscribed 1.89 occasions with international institutional buyers flooding the problem with presents whilst home mutual funds and excessive web price people largely stayed away from the preliminary public providing. The corporate is prone to debut on the inventory change on 18 November. The IPO acquired bids […]

Paytm creates new company for its online payments business as per RBI guidelines

IPO-bound Paytm will turn its payment aggregator business into a new subsidiary Paytm Payments Services Limited. This follows a directive from the Reserve Bank of India (RBI). The company is seeking approval of the same from its shareholders through an Extraordinary General Meeting on September 23. This will include Paytm’s online payment gateway business. The move to transfer payment aggregator […]

BillDesk cofounder on Prosus deal; pre-IPO boost for Paytm

BillDesk, the Indian fintech firm that predates the word ‘fintech’, will soon be acquired by global tech investor Prosus in a $4.7 billion all-cash deal. MN Srinivasu, one of the firm’s co-founders, told us why BillDesk said yes to Prosus and what the future has in store for the company he helped build 21 years ago. Also in […]

RBI lauds Paytm IPO, says 2021 may turn out to be India’s year of IPO

The $ 2.2 billion proposed listing by a payment and financial services app symbolises investor excitement surrounding India’s digitalisation – digital payment solutions; e-commerce; logistics, says an RBI article. The year 2021 could turn out to be India’s year of IPO with the domestic unicorns through their public issues setting “domestic stock markets on fire and global investors in a frenzy”, […]

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