Paytm gets Sebi nod for mega Rs 16,600-cr IPO, may get stock market listing by mid-November

Digital financial services firm Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer, a source involved in the process said on Friday. The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing. "Sebi has given approval for Paytm IPO," the source said on condition of anonymity. The company's plan of shelving the pre-IPO raise is not related to any valuation differences, the source added.

from IndiaTV: Google News Feed https://ift.tt/3B6a7sG