Paytm IPO: There is good news for those who have been waiting for Paytm’s IPO for a long time. According to information obtained by news agency Reuters from two individuals associated with the company, 12 companies may file their applications for the IPO. The company aims to raise 3 2.3 billion. It is believed to be India’s largest IPO. The existing shareholders of the company sell their share through this IPO.
According to this report from Reuters, PteM will hold a major meeting on July 12. At this extraordinary general meeting, the issue is sought from the shareholders. With this the company is trying to cut its costs. To get into a lossless and nonprofit position in 12-18 months. According to a Bernstein report published on May 27, the company’s revenue will double by 2023.
Gold today: Gold prices fall, silver shines, know today’s latest prices
Whose share in Paytm
Chinese industrialist Alibaba owns 29.71% of the company, Ant Group Group. SoftBank Vision Fund is followed by 19.63%, Saif Partners 18.56% and Vijay Shekhar Sharma 14.67% In addition, AGH Holding, T Rowe Price, Discovery Capital and Berkshire Hathaway together own 10 percent.
