News Update

IPO-bound Paytm raises Rs. 8235 Cr. from anchor investors

• ByKhushi Ko     |    November 5, 2021

One97Communications led Paytm raised Rs. 8,235 crore from anchor investors ahead of its IPO scheduled for November 8. There were 122 domestic and international investors who participated in this exercise including GIC of Singapore, CPPIB of Canada, BlackRock, and Abu Dhabi Investment Authority, among others.

4,885,386 out of 38,302,326 Equity Shares have been allocated to four mutual funds applied throughout 18 schemes.

The fintech aims to raise about Rs. 18,300 crore in its initial public offering (IPO), which is the highest in India- breaking Coal India’s long standing record of 15,745 crore.

Paytm is set to become the fourth Indian startup to recently hit public markets after Zomato, Nykaa, and Freshworks.

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