7/30/2023 0 Comments Sources paytm ipo![]() Significant influence: Paytm has listed all its major investors, such as SoftBank, Elevation Capital, Alibaba and Ant Group, as entities with significant influence over the firm.Paytm will remain foreign-owned: Paytm said it currently is a “foreign-owned and controlled” company and will continue to be so after the IPO in accordance with consolidated FDI policy and foreign exchange rules and “accordingly we shall be subject to Indian foreign investment laws”. Founder Vijay Shekhar Sharma, who owns about 15% in the firm, will also offload some of his shares.Īlso Read: Paytm rejigs board ahead of its $2.2 billion IPOģ. While Ant and Alibaba own a combined 38% in Paytm, SoftBank holds 18.73% and Elevation Capital has a 17.65% stake. These are Ant Group, Alibaba, SoftBank and Elevation Capital (formerly Saif Partners). Large investors will sell shares: Paytm's large investors will sell parts of their holdings in the company. If the pre-IPO placement is completed, the fresh issue size will be reduced by the amount raised.Īlso Read: Paytm files for biggest Indian IPO in at least a decadeĢ. Those who invest in this round will not be allowed to sell their shares for a year. Pre-IPO lock-in: Paytm has said it may raise up to Rs 2,000 crore in a pre-IPO round. The company’s IPO prospectus includes several red flags that every investor, institutional or retail, who plans to participate in the company’s public offer should know about.ġ. has filed its much-awaited draft red herring prospectus (DRHP) for the biggest Indian initial public offering (IPO) in at least a decade.
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