India: Paytm to lend to founder Sharma’s firms ahead of $3b IPO

India: Paytm to lend to founder Sharma’s firms ahead of $3b IPO

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

One97 Communications Ltd, the operator of the Paytm online payments app, is set to extend 743 crore funding to two companies owned by founder Vijay Shekhar Sharma ahead of its $3 billion initial share sale planned this year.

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