Ant Group-backed Paytm revises IPO target to $2.44 billion
The IPO, likely to be the biggest in India`s corporate history, is set to open for subscription from Nov. 8 to Nov. 10.
Paytm, the Indian digital payments leader backed by Jack Ma`s Ant Group, has raised its public issue size to 183 billion rupees ($2.44 billion) from 166 billion rupees, according to its preliminary registration document filed with the market regulator.
WATCH | Click on Zee Business Live TV Streaming Below:
The IPO, likely to be the biggest in India`s corporate history, is set to open for subscription from Nov. 8 to Nov. 10.
In July, Paytm had sought regulatory approval to raise up to 166 billion rupees and sources had said the offering valued the company at up to $25 billion.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.