Technology
Paytm Said to Have Secured SEBI’s Approval for India’s Biggest IPO
Published
3 years agoon
By
Digital Team
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.
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
You may like
-
To prevent controversy, the censor board review committee was sent Akshay Kumar’s Oh My God 2 for approval.
-
Paytm, BHEL, Sun Pharma, and JK Tyre are stocks to watch.
-
Govt may defer LIC IPO to next fiscal amid Ukraine crisis: Experts
-
Govt keen, but some regulators raise concerns on LIC IPO timing
-
Paytm: Foreign brokerages divided on road ahead for the stock
-
Pfizer-BioNTech seek US approval of Covid-19 vaccine for kids under 5
$92.8 million
Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…
Published
2 months agoon
January 30, 2025By
India
Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.
The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.
The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.
Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.
Reunion After 14 Years
This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.
About ‘Bhooth Bangla’
“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.
Anticipation and Fan Reactions
The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.
As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.
For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.
Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/


Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

To All The Boys star Lana Condor shares wedding video and it is straight out of a rom-com. Watch

Archana Puran Singh fractures wrist, apologises to Rajkummar Rao for leaving shoot midway

Triptii Dimri shares unseen picture with rumoured boyfriend Sam Merchant on his birthday: ‘Wishing you all the love’

Hema Malini bursts out laughing at Baba Ramdev’s hazardous hair flip during holy dip at Maha kumbh. Watch

Fans can’t keep calm after Rakhi Sawant confirms marriage with Pakistani actor-model Dodi Khan

Virat Kohli’s invaluable advice after kid asks how to represent Team India: ‘Your father shouldn’t tell you to…’

Anthony Mackie defends his ‘Captain America shouldn’t represent’ America remark after backlash

Shah Rukh Khan responds to a fan who said they want to touch him at Dubai event: ‘Aise thodeina bolte hai publicly’

The anime Tokyo Revengers is back with a sequel: view the promotional trailer

Deadpool and Wolverine might shatter box office records, which would be unprecedented for an R-rated film.

Review of Bridgerton Season 3 Part 2: Nicola Coughlan excels in the most intricate and captivating season to date

Kartik Aaryan Gives a Career-Defining Performance in Chandu Champion First Review; An Excellent Biopic

Watch the trailer for Kota Factory 3 here. Fans of Jeetu Bhaiya say they’re not ready for it to end.

Kartik Aaryan on overcoming the label of “outsider”: It will remain with me, and that is alright with me.

When Does Vishwak Sen’s Film Gangs of Godavari OTT Come Out? What Platform Does It Come Out On?

Review of Gullak 4: A lovely, sentimental, and somewhat mature reunion of the Mishra family
