Sebi gives approval to Paytm for Rs. 16,600 crore IPO
In a big win for digital payment system Paytm, the Securities and Exchange Board of India has given its nod to the firm's Rs. 16,600 crore initial public offering (IPO). “The company was hoping to list on the Indian exchanges by Diwali. However, it might look at a timeline by mid-November to make its public debut," an official said. After the regulatory approval, he IPO by Paytm is going to be India's biggest IPO.