India's Largest debut of $3 billion in IPO: Paytm

in image paytm logo mobile

By the end of this year, India's leading digital payments provider app, Paytm, aims to raise around ₹21,800 crores ($3 billion) in IPO (initial public offering). This could be the country's largest debut ever. 

Paytm, initially called One97 Communications Ltd, is selecting an estimation of around $25billion to $30 billion. The One97 board plans to meet this Friday for the proper approval of the IPO. Investors such as Berkshire Hathaway Inc, Ant Group Co, and SoftBank Group Corp, by whom the startup has been backed, plan to list in India around November, coinciding with the Diwali festival occasion.

Vijay Shekhar Sharma, the founder of Paytm, has focused on growing revenue and providing its services over the past year. The merchant partners of Paytm are over 20 million, and Paytm users have made 1.4 billion monthly transactions. The first three months of 2021 were the best quarter of Paytm, said, CEO Sharma.

 

More

SPORTS

Sourav Ganguly is the owner of a football club linked with the new IPL franchise owner

Sourav Ganguly has been facing new questions of conflict regarding the interest as the BCCI president is the co-owner of a football team along with Sa...

India vs Pakistan: Student from Kashmir was attacked in BGIET, Sangrur

Pakistan beat India in the ongoing ICC T-20 World Cup in UAE on Sunday night with 10 wickets. After the match finished, several students belonging to...

States & UTs

Sameer Wankhede isn't Bollywood-focused, his wife says; Dad says he's tormented by the allegations

NCB regional director Sameer Wankhede is not targeting Bollywood, his wife Kranti Redkar told India Today on Monday. He also responded to the allegati...

A black day in the history of India. “The truth behind the 22nd October- Black day of Kashmir.”

27th of October is observed as the Black Day. During this day India had invaded the disputed Jammu and Kashmir back in 1947.Alastair Lamb, in his book...

POLITICS

Captain Amarinder: 'Yes, I am forming a party, can go for a seat-sharing pact with BJP.'

Ahead of the nation polls subsequent year, former Punjab chief minister Amarinder Sin...

PM Modi To Inaugurate 9 Medical Colleges In Uttar Pradesh Today

Prime Minister Narendra Modi will inaugurate 9 clinical faculties in Uttar Pradesh at 10:30 am tomor...

ENTERTAINMENT

SRK’s manager Pooja Dadlani’s old post goes viral

Shah Rukh Khan’s manager Pooja Dadlani has been status strong with the actor and his family wi...

Mahesh Manjrekar shares his story of fighting against cancer while shooting for “Antim: The final truth.”

Mumbai: actor-filmmaker Mahesh Manjrekar announced on Monday that he is cancer-free. The actor even...

About

The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.