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Paytm president Amit Nayyar and 4 other top execs quit ahead of IPO

Paytm president Amit Nayyar and 4 other top execs quit ahead of IPO
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Paytm IPO: Paytm IPO Size to be about Rs 16,600 crore, may file DRHP on July 12

(This story originally appeared in on Jul 05, 2021)Mumbai: Paytm’s initial public offering (IPO) will be worth around Rs 16,600 crore (about $2.23 billion) and the Noida-based fintech firm is likely to file a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) soon after its extraordinary general meeting (EGM) on July 12, sources aware of the matter said. Paytm may also seek shareholders’ approval to increase the size of the IPO to nearly Rs 19,318 crore ($2.6 billion) closer to the date of its proposed listing, one of the sources added. The proposal, if approved, will make it one of the largest IPOs in dollar terms after Coal India (about $3.3 billion) and

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