International Business: Paytm gets regulatory approval for India’s biggest ever IPO – Gulf Digital News
International Business: Paytm gets regulatory approval for India’s biggest ever IPO – Gulf Digital News
NEW DELHI: Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India's biggest ever IPO, a source familiar with the matter told Reuters on Friday.
Paytm was planning its initial public offering for around the end of October, Reuters previously reported.
The company, whose backers include Ant Group, SoftBank's Vision Fund and Berkshire Hathaway, narrowed its operating loss to 16.55 billion rupees ($221.00 million) in the financial year that ended in March 2021, from 24.68 billion a year earlier. A source told Reuters in July that Paytm was likely to break even in 18 months.
Select Sector 
Select Country 
