India: Paytm's ex-director seeks to stall $2b IPO, company calls it harassment

India: Paytm's ex-director seeks to stall $2b IPO, company calls it harassment

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Paytm’s $2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.

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