India: Paytm seeks to issue fresh equity shares worth $1.6b in run-up to IPO

India: Paytm seeks to issue fresh equity shares worth $1.6b in run-up to 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 parent company which owns Paytm brand, intends to issue fresh equity shares worth 12,000 crore, for its primary fund raise, ahead of its much-awaited initial public offering (IPO), planned around November-end this year.

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