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According to a person who has been aware of the arrangement, at the late of this year, Paytm, the foremost digital payment service provider in India, intends to raise over 21800 Cr for its initial public offering.
The One97 Committee is scheduled to convene on Friday to sanction the IPO officially. In response to e-mail requests, Paytm refused to respond.
Further information
The business, backed by investors, including Berkshire Hathaway Inc., SoftBank Group Corp., and Ant Group Co., wants to list in India in November. Its offer may coincide with the Diwali festival season. Paytm, officially known as One97 Communications Ltd., targets an estimate of about $25 billion to $30 million.
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