Connect with us

Technology

Paytm Said to Have Secured SEBI’s Approval for India’s Biggest IPO

Published

on

Paytm Said to Have Secured SEBI’s Approval for India’s Biggest IPO

A source involved in the process said on Friday that the digital financial services company Paytm has received approval from the market regulator SEBI for its 16,600 crore initial public offering. The company is expected to go public at the end of this month, and plans to skip the pre-IPO stock sales round to quickly go public.

“SEBI has approved Paytm’s IPO,” said the source, who asked not to be named. The source added that the company’s shelving pre-IPO financing plan has nothing to do with any valuation differences.

The proposed initial public offering, if successful, will be the largest such offer. Coal of India’s Rs 15,200 crore initial public offering (IPO) in 2010 was the country’s largest public offering (IPO) to date. Advertising by Paytm is valued at 1.47-17.8 billion rupees. American valuation expert Aswath Damodaran is a professor of finance at New York University’s Stern School of Business. He valued the company’s unlisted shares at Rs 2,950 per share.

Advertisement

According to the draft IPO document, the company plans to raise Rs 8,300 crore through newly issued shares and another Rs 8,300 crore through tender offers. Paytm founder, managing director and CEO Vijay Shekhar Sharma and Alibaba Group will dilute some of their shares in the proposed sale. A source said that Antfin (Netherlands) Holding BV, an Alibaba group company, is expected to sell at least 5% of its shares to less than 25% in order to comply with regulatory requirements.

According to the documents, the investors who sold the shares included Antfin (Netherlands) Holding BV (holding 29.6% of the shares), Alibaba.com Singapore E-Commerce (7.2%) and Elevation Capital V FII Holdings (0.7%). In addition, Elevation Capital V (holding a 0.6% stake), SAIF III Mauritius Company (12.1%), SAIF Partners India IV (5.1%), SVF Panther (Cayman Islands) (1.3%) and BH International Holdings (2.8%) ) Will also sell equity. The company has proposed to use Rs 4,300 crore to develop and strengthen the Paytm ecosystem, including by acquiring consumers and merchants and providing them with more technology and financial services.

News Source: Gadgets360

Advertisement

Music

While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Published

on

By

While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Prime Minister Narendra Modi recently met acclaimed singer- actor Diljit Dosanjh, describing their interaction as “very memorable.” 
Prime Minister Narendra Modi met singer-actor Diljit Dosanjh and lauded him as “a combination of talent and tradition.” During the “memorable’ meeting”, the two discussed music, culture, and India’s vibrancy, including yoga.

Diljit, PM Modi match beats

During the meeting, PM Modi praised Diljit for his achievements, saying, “When a boy from a small village in Hindustan shines on the global stage, it feels amazing. Your family named you Diljit, and you keep on winning people’s hearts, just as your name suggests.”

Advertisement

Diljit responded, “We used to read that ‘Mera Bharat Mahan’ (My India is great), but when I travelled across India, I realised why people say this.” PM Modi highlighted India’s diversity, saying, “India’s vastness is its strength. We are a vibrant society.”

Diljit added, “The greatest magic in India is yoga.” PM Modi agreed, saying, “Those who have experienced yoga know its power.”

The singer-actor also admired PM Modi’s personal journey, saying, “I had watched your interview, sir. The position of Prime Minister is great, but behind it, there is a mother, a son, and a human being. Many times, this half-truth is much larger when you carry your mother and the sacred Ganga with you. That touches the heart.”

Diljit then sang a song on Guru Nanak, as PM Modi listened intently, beating the adjacent table like a dholak, matching his beats with Diljit’s.

Advertisement

Diljit, PM Modi express grattitude

After the meeting, Diljit Dosanjh expressed his gratitude, calling it a “fantastic” way to start the year. He posted on X, “A fantastic start to 2025. A very memorable meeting with PM @narendramodi Ji. We talked about many things, including music, of course!”

PM Modi responded to Dosanjh’s post, describing their meeting as “a great interaction.” He said, “A great interaction with Diljit Dosanjh! He’s truly multifaceted, blending talent and tradition. We connected over music, culture, and more.”

Diljit recently concluded his Dil-Luminati tour in India with a grand performance in Ludhiana. Throughout his concerts at various venues, the singer aimed to address important social issues during his performances.

In a lighthearted and endearing moment, Prime Minister Narendra Modi was seen enjoying the beats of a Punjabi vocalist, tapping the table in rhythm like a dholak player during a recent cultural event. The video, which has since gone viral, showcases PM Modi replicating the infectious energy of Diljit Dosanjh’s iconic beats, capturing the essence of Punjabi music’s vibrancy and rhythm.

Advertisement

The event brought together various cultural performers, with one Punjabi vocalist stealing the spotlight. As the singer crooned traditional Punjabi tunes, PM Modi, seated among other dignitaries, began enthusiastically tapping the table in sync with the music. His gestures resembled a seasoned dholak player, displaying his spontaneous connection with the pulsating beats.

The audience present erupted in applause, cheering on the Prime Minister’s engaging participation. Social media users were equally charmed, with many praising Modi’s ability to connect with the cultural diversity of India. “Modi Ji has the rhythm of a true Punjabi!” one user commented, while another said, “This is the energy we love to see in our leader.”

The moment also highlighted PM Modi’s commitment to celebrating India’s rich cultural heritage. His natural enjoyment of the performance reflects his appreciation for the art and music that unify the diverse communities of India.

Such lighthearted and relatable gestures from leaders often resonate deeply with the public, making them feel connected on a personal level.

Advertisement

#PMModi #DiljitDosanjhBeats #PunjabiMusicVibes #CulturalCelebration #DholakBeats #IndiaUnity #MusicConnects #ViralMoment #PMModiInAction #PunjabiHeritage

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending