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Paytm to rank among India’s 50 most-valued listed firms with its ₹18,300-crore IPO

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3 years ago

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Paytm to rank among India’s 50 most-valued listed firms with its ₹18,300-crore IPO

Paytm IPO: One97 Communications, Paytm’s parent company, will conduct an initial public offering (IPO) on November 8. The proposed 18,300 crore IPO will make it one of the 50 most valuable companies in India.

The Paytm IPO is India’s largest IPO to date, surpassing the public offering of Rs 15,745 crore raised by Coal India in October 2010. Please note that according to a report by Redseer Management Consulting, Paytm is currently India’s leading digital ecosystem for consumers and merchants.

As of June 30, 2021, it has over 337 million registered consumers and over 21.18 million Register a business. Within the range of Rs 2,150 per share, Paytm’s post-investment valuation will reach Rs 1,3937.884 crore, which will make it ranked 36th in the market capitalization of listed companies.

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Paytm’s market value will exceed some established companies, such as Hindustan Zinc Corporation, NTPC, Divi’s Laboratories, Grid Corporation, Indian Petroleum Corporation (IOC), Vedanta, Pidilite Industries, SBI Life Insurance, Grasim Industries, Bajaj Auto, L&T Infotech, Mahindra & Mahindra (M&M), Hindalco Industries, Coal India, Zomato, SBI Cards and DLF Ltd.

News Source : ETnownews.com

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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