Paytm is an electronic bank that also allows transactions through Digital Payments, which is used by millions of Indian Users. recently, Financial Services Paytm has obtained a Principle Agreement from the company’s board to raise 22K Crores through IPO [Initial Public Offer].
The Company given approval for IPO and that could be launched in October month. and they also to give few investors to deposit to their supporter, told PTI source here.
The Company says, in the past evolution, they aimed to claim more than $3B in its IPO that arranged delayed this year.
Initial Public Offer could service the digital payments supplier up to $30B to be expected to launch on November, requested not to named. but, Paytm denied to comment on the story.
The Source also said, Bank Investment along with Citigroup, Morgan Stanley, and JPMorgan are ready to help with awaited IPO, though the process is still needed to start at the end of June.