News > Paytm IPO gets SEBI approval, listing likely by mid-Nov

Paytm IPO gets SEBI approval, listing likely by mid-Nov

22/10/2021 06:25 PM | Click to read full article

Paytm, India’s digital payments pioneer backed by SoftBank Group Corp., received approval from the markets regulator that clears the way for its planned $2.2 billion initial public offering.

The Securities and Exchange Board (SEBI) cleared the IPO, which will be India’s biggest so far, on Friday, according to people familiar with the matter. The company could list in Mumbai by mid-November, they added, asking not to be identified as the information isn’t public.

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