Paytm board okays plan for public issue before Nov

The details are not final but could possibly include its largest investors like China’s Alibaba Group, Japan’s SoftBank and venture capital firm Elevation Capital, formerly known as SAIF Partners. According to a source, the transaction could be pro rata, where all major investors could forgo a part of their stakes proportionally.

from Markets-Economic Times https://ift.tt/2R7DUjR