New Delhi: Digital payments and financial services firm Paytm has received in-principle approval from the company's board to raise around ₹22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over ₹2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday. "The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around ₹21,000- ₹22,000 crore from the IPO. AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 per cent stake in the company.

Source: Mint May 30, 2021 15:22 UTC