Ahead of IPO, Paytm allots shares to 166 former and current employees

Ahead of IPO, Paytm allots shares to 166 former and current employees

Advertisements of Paytm, a digital wallet company, are seen placed at stalls of roadside vegetable vendors in Mumbai, India, November 19, 2016. REUTERS/Shailesh Andrade

One97 Communications Ltd, which runs digital payments firm Paytm, has allotted shares to 166 former and current employees ahead of its planned public listing, according to the company’s filings with the ministry of corporate affairs.

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