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Improved performance by Paytm has given its investors some reason to smile, but why is a major investor like SoftBank offloading these shares? Read on
The issue received bids for 9.14 crore shares as against 4.83 crore shares on offer.
Paytm will seek approval of shareholders at EGM on September 2 to give additional charge of chief executive officer to the company's MD Vijay Shekhar
It took 70 years for us to make it $2.5 trillion ... Now only in 10 years all that history will be recreated and doubled, Vijay Shekhar Sharma said
The shareholders have approved raising of Rs 12,000 crore during the IPO and sale of secondary shares will take the total amount to Rs 16,600 crore
The valuation of the firm is likely to be in the range of Rs 1.78 lakh crore to Rs 2.2 lakh crore
Paytm will be holding an EGM on July 12 wherein it will also seek approval for declassifying Vijay Shekhar as a promoter
Paytm is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday