India Digest: Raymond to sell 20%; Sandeep Budki buys The Mobile Indian; Paytm hires Citi executives

India Digest: Raymond to sell 20%; Sandeep Budki buys The Mobile Indian; Paytm hires Citi executives

Raymond Ltd is in talks with global private equity funds KKR and Backstone to sell 20 per cent stake in the company, while journalist Sandeep Budki has acquired news website The Mobile Indian. Also Paytm has appointed former Citibank executives Ruchita Taneja Aggarwal and Priya Karnik for its payment banks arm.

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