The fresh issue funds will also be used for new business initiatives, acquisitions and strategic partnerships (Rs 2,000 crore), besides general corporate purposes.Īlso read - After a record Samvat 2077, IPOs may mop up over Rs 1 lakh crore next year, say analysts The payment services provider is going to utilise net proceeds from its fresh issue for growing and strengthening Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services (Rs 4,300 crore). The company already garnered Rs 8,235 crore from anchor investors on November 3, including Blackrock, CPPIB, Birla MF, GIC among other blue-chip investors. Other selling shareholders - Mountain Capital Fund L.P., RNT Associates, DG PTM LP, Ravi Datla, Amit Khanna, Prakhar Srivastava, Saurabh Sharma, Manas Bisht, Sanjay S Wadhwa, SasiRaman Venkatesan, N Ramkumar and Abhay Sharma - will offload Rs 86.98 crore of shares. will sell up to Rs 4,704.43 crore worth of shares, Singapore E-Commerce will offload Rs 784.82 crore of shares, SVF Panther (Cayman) Rs 1,689.03 crore, and BH International Holdings will sell Rs 301.77 crore worth of shares via OFS.Įlevation Capital V FII Holdings and Elevation Capital V are going to offload Rs 75.02 crore and Rs 64.01 crore worth of shares, while SAIF III Mauritius Company, and SAIF Partners India IV will sell Rs 1,327.65 crore and Rs 563.63 crore worth of shares via OFS. Among investors, Antfin (Netherlands) Holding B.V.

Pharma Industry Conclave Unlocking opportunities in Metal and Miningįounder Vijay Shekhar Sharma will sell Rs 402.65 crore worth of shares through OFS.

India Inc On The Move Sustainability 100+.

Interview Series Business In The Week Ahead.

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