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Paytm, A Payments Company, Is Aiming To Raise $2.5B Amid India’s Stock Boom. - The New York Times

by nytimes.com posted 2weeks ago 15 views
One97 Communications, the app’s parent company, has drawn interest from institutional investors as online shopping in India expands. : One97 Communications, the app’s parent company, has drawn interest from institutional investors as online shopping in India expands. With stocks on a tear in India, the parent company of Paytm, a leading digital payments app, went public on Monday with hopes of becoming the country’s largest initial public offering. The company, One97 Communications, aims to raise about $2.5 billion in a three-day offer that ends on Wednesday.