BUSINESS

Paytm Extends Deadline to Submit Documents for Share Sale to June 30

Paytm has extended the deadline for shareholders, employees, and former employees to submit their documents by June 30, if they wish to sell their shares in the planned initial public offering of the company.

One 97 Communications, which operates services under the Paytm brand name, is planning an initial public offering of its equity shares which is contemplated to include a fresh issue of equity shares by the company and an offer-for-sale of equity shares by the existing shareholders of the company.

In a notice to its shareholders Paytm said “in the interest of providing additional time to our shareholders, due to the on-going situation, to process all the documentation shared and dispatch them to us, we are extending the last date to submit documents for participation in the Offer from June 22, 2021 to June 30, 2021.”

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