BUSINESS

Paytm’s RHP Expected to Come by This Week

Paytm is expected to draft its Red Herring Prospectus (RHP) by this week, like having a revised initial public offering (IPO) issue of Rs 18,300 crores. The company was initially expected to file an IPO to raise Rs 16,600 crores.


About half of the offer for sale will be completed by Ant Financial and the remaining by Elevation Capital, Softbank and other existing shareholders. Paytm will be listed as a professionally managed company. As per SEBI guidelines, to be a professionally managed company, no entity can hold more than a 25 per cent stake in the company. It will be posted on the Bombay Stock Exchange (BSE) and NSE.

Paytm is expected to use its primary interests for growth, including customer and merchant purchases and will invest in new businesses, acquisitions, and strategic partnerships

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