Friday, 24 March, 2023

SEBI grants PayTm approval for ₹16,000cr IPO

<p>Digital Payments Provider One97 Communications, which is Paytm&#39;s parent company, has received approval from the Securities and Exchange Board of India for its ₹16,000cr ($2.2B) Initial Public Offering, according to sources. While initial plans were to get the company listed by early November, it might now be postponed to mid-November. The company is set to file a red herring prospectus with the regulator in the upcoming week.<br /> &nbsp;</p>