Amit Nayyar, President, Paytm (Photograph courtesy: LinkedIn/ Amit Nayyar) IPO-bound Paytm’s president Amit Nayyar in addition to the corporate’s chief human useful resource officer (CHRO) Rohit Thakur have resigned from the agency, a supply conscious of the discussions stated on Friday. Nayyar led Paytm’s foray into monetary providers verticals throughout lending, insurance coverage distribution, non-life
Paytm
Paytm goals to go public by November this yr and will file the draft pink herring prospectus (DRHP) with the Securities and Trade Board of India (Sebi) as early as subsequent month. Main funds platform, Paytm will search shareholders’ nod to lift as much as Rs 12,000 crore ($1.6 billion) by way of contemporary difficulty
Paytm might think about and approve the declassification of Paytm founder Vijay Shekhar Sharma from his standing as ‘promoter of the corporate Paytm plans to boost Rs 12,000 crore by way of concern of contemporary fairness shares, forward of its proposed IPO scheduled for the October-December quarter of this 12 months 2021. Paytm has referred
Byju’s didn’t reply to FE’s queries. Byju’s has dethroned Paytm to develop into the nation’s most precious start-up after it secured near $350 million in contemporary funding from a clutch of traders together with UBS Group, Blackstone, Abu Dhabi state fund ADQ, Phoenix Rising and Zoom founder & CEO Eric Yuan, the corporate’s filings with
Paytm, within the offer-for-sale (OFS) despatched to its workers, knowledgeable that it has proposed to undertake an preliminary public providing of its fairness shares, topic to market situations. One97 Communications-owned Paytm has acquired in-principle approval from its board to drift India’s largest IPO to-date, it mentioned in a letter to workers and different stakeholders. The