Advertisements Japan based, SoftBank Group Corp, have cut down their investment in Paytm’s parent company, One97 Communications. The investment now stands at USD 800 Mn amidst the stock taking a beating after it was listed in November, 2021. SoftBank met… Read More ›
Paytm
Paytm Records Over 4-Fold Jump In Loan Disbursals In Oct-Dec 2021
Advertisements Digital payments firm Paytm on Monday posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021. Paytm disbursed 44 lakh loans worth Rs 2,180 crore… Read More ›
India’s Paytm slides as anchor investors lock-in period expires
Advertisements Shares of digital payments firm Paytm tumbled as much as 13% to hit their lowest since a dismal debut last month after a lock-in period for anchor investors in the company’s initial public offering ended on Wednesday. Paytm’s shares crashed… Read More ›
Skies darken for Indian IPOs after Paytm’s diappointing debut
Advertisements Paytm’s dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indian history, six analysts and bankers said on Friday. Indian companies… Read More ›
Paytm Set For Trading Debut After USD 2.5 Bn IPO
Advertisements Indian digital payments company Paytm is set to make its stock market debut on Thursday, after its $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed last week. Paytm, which counts China’s Ant Group and SoftBank among its… Read More ›
Paytm’s USD 2.5 bln IPO mints new millionaires in India
Advertisements Indian electronics engineer Siddharth Pandey will become a millionaire after the country’s biggest ever public issue, but he says he had to overcome his father’s opposition to join fintech firm Paytm when it was a fledgling start-up nine years… Read More ›
India’s Paytm prices stock at top of range in USD 2.5 Bn IPO
Advertisements India’s Paytm has priced its shares at 2,150 rupees each, the top of its price range, in its 183 billion rupee ($2.46 billion) initial public offering (IPO), a prospectus showed on Friday. ($1 = 74.4040 Indian rupees). First released… Read More ›
Amazon Infuse INR 1,000 Cr Into Amazon Pay
Advertisements Amazon has infused Rs 1,000 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm. The… Read More ›
Paytm’s Rs 18,300-cr IPO opens today; should you subscribe?
Advertisements Paytm’s parent One97 Communications, a leading digital firm, will open its initial public offering (IPO) today. The Paytm IPO will remain open for subscription till November 10. The price band for the IPO has been fixed at Rs 2,080-2,150… Read More ›
IPO-Bound Paytm Allocates Shares Worth USD 1.11 Bn To Over 100 Institutional Investors
Advertisements Ant Group-backed fintech firm Paytm said it has allocated shares worth Rs 8,235 crore ($1.11 billion) to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India’s largest stock market listing…. Read More ›