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Paytm seeks shareholders’ approval to raise $1.6 Bn via fresh issue in IPO

Shortpedia

Content Team
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Paytm has sought shareholders’ approval to raise capital through an initial public offering of equity shares. The proposed offering is likely to include a fresh issue of the equity Shares aggregating to the value of Rs 12,000 crore alongside an offer for sale of an undisclosed amount by existing shareholders. The company has sent out a notice to shareholders informing them about an extraordinary general meeting to be held on July 12.