31, compared with $8.54 billion raised by 49 companies in the same period last year, according to Refinitiv data. IPO-bound Paytm employees add 5.45 lakh more shares for monetisation Earlier, 200 former and current employees had converted their ESOPs into shares, taking the total count of employees to. IPO-bound Paytm employees add 5.45 lakh more shares for monetisation Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO. ajay shekhar sharma brother of paytms founder and ceo vijay shekhar sharma has been promoted as the chief business officer cbo ahead of the companys. In India, 157 companies including TPG-backed Nykaa, Oyo Hotels and Rooms and online insurance aggregator Policybazaar have raised $17.22 billion via IPOs this year as of Oct. OCLs Paytm provides digital and payment services to 33.3 crore consumers and over 2.1 crore merchants, as on March 31, 2021. Several companies including Paytm have tapped capital markets this year in a fund-raising frenzy on the back of record highs hit by the Indian stock market, which has outperformed Asian peers so far this year. As per a regulatory filing by One97 Communications (OCL), about 20 more employees have converted their ESOPs into a total of 5,45,735 shares. Aditya Singh posted it in a LinkedIn post. Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO.
The creators of CreditMate have sold their stake to Paytm, cofounder and chief commercial officer Mr. The company's offering will open on Monday and top investor Ant Financial, with a 27.9% stake in Paytm, plans to sell shares worth 47.04 billion rupees. OctoIPO-bound digital payments firm Paytm acquired a 100 stake in digital lending startup CreditMate for an undisclosed amount. Theres a slew of risks that Paytm has in common with other IPO-bound.
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Paytm has since branched out into services including insurance and gold sales, movie and flight ticketing, and bank deposits and remittances. Paytm lists being seen as a foreign-owned and controlled company as an IPO risk.
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