Paytm Money launches ETFs, starting ₹16 in equity, ₹44 in gold
4 years, 1 month ago

Paytm Money launches ETFs, starting ₹16 in equity, ₹44 in gold

Live Mint  

Paytm Money, the wholly owned subsidiary of India's largest digital financial services platform Paytm has launched Exchange-Traded Funds on its platform, post-approval from the Securities and Exchange Board of India. Investments in ETFs through Paytm Money is relevant for first-time investors who may initiate an investment with a simple nominal amount. Paytm Money has made it convenient for new investors by facilitating ETF investments for as low as ₹16 in equity, ₹44 in gold and ₹120 for Nifty. We are targeting 100k users to invest in ETFs in the next 12 to 18 months through the platform," says Varun Sridhar, CEO - Paytm Money.

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History of this topic

Paytm CEO & Founder, Vijay Shekhar Sharma, sets up Rs 30 cr fund to invest in AI and EV startups
1 year, 2 months ago

Paytm CEO & Founder, Vijay Shekhar Sharma, sets up Rs 30 cr fund to invest in AI and EV startups

Firstpost  

Vijay Shekhar Sharma of Paytm has made sector-agnostic SEBI-approved Category II AIF fund, that will focus on investments on AI, environmental sustainability, and Indian-made technology, particularly in terms of Electric Vehicles and that serve the domestic market Vijay Shekhar Sharma, the founder and CEO of Paytm, has unveiled a Category II Alternate Investment Fund named ‘VSS Investments Fund’ with a …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 4 months ago

Paytm eyes India-scale AI system; fintech investing to build new software stack

Live Mint  

One97 Communications Limited, which owns the brand Paytm, is investing in artificial intelligence with an eye on building artificial general intelligence software stack. In his letter, Sharma mentioned that Paytm's next contribution for India's Digital revolution after mobile payments, will be – small mobile credit with high credit quality and fully compliant with the regulators' guidelines. Paytm announced its April-June …

PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here
2 years, 7 months ago

PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here

News 18  

Digital payment company Paytm on Saturday announced that the firm had re appointed its founder Vijay Shekhar Sharma as managing director and chief executive officer till May 2027, thereby extending this tenure by five years. “We wish to inform you that based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of Shareholders, the Board …

Paytm's Vijay Shekhar Sharma Points Out Reason Behind Falling Stock Prices; Know Details
2 years, 8 months ago

Paytm's Vijay Shekhar Sharma Points Out Reason Behind Falling Stock Prices; Know Details

News 18  

Paytm Q4: One97 Communications’ founder and CEO Vijay Shekhar Sharma said Paytm is looking to be operating EBITDA breakeven by end of September 2023, in a filing with the exchanges on Wednesday morning. In a letter to shareholders, while announcing its last quarter results, Sharma said against the backdrop of volatile market conditions for high growth stocks globally, Paytm’s shares …

Paytm shares make tepid debut, list at discount
3 years, 1 month ago

Paytm shares make tepid debut, list at discount

Live Mint  

Shares of digital payments and financial services firm Paytm made its much anticipated stock market debut on Thursday. On BSE, Paytm shares started trading at ₹1,955 per share with market capitalization above ₹1 lakh crore. The three-day initial public offering of Paytm's parent One97 Communications was launched on November 1 that concluded on November 3 with a price band of …

From ₹10000 salary to billionaire, Paytm’s Vijay Shekhar Sharma says his dream is…
3 years, 1 month ago

From ₹10000 salary to billionaire, Paytm’s Vijay Shekhar Sharma says his dream is…

Live Mint  

At 27, Vijay Shekhar Sharma was making 10,000 rupees a month, a modest salary that did not help his marriage prospects. "In 2004-05, my father asked me to shut my company and take up a job even if it was for 30,000 rupees," Sharma, who went on to found digital payments firm Paytm in 2010, told Reuters. Born to a …

Paytm share allocation likely on November 16 at ₹2,150 apiece
3 years, 1 month ago

Paytm share allocation likely on November 16 at ₹2,150 apiece

The Hindu  

Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of ₹2,150 apiece on November 16 after market regulator SEBI's approval which is expected to come on Monday, sources aware of the development said. Based on the bid received for Paytm's ₹18,300 crore initial public offer, the company will list an enterprise valuation …

Paytm IPO Receives 48% Subscription on Day 2, Retail Portion Fully Booked | All About It
3 years, 1 month ago

Paytm IPO Receives 48% Subscription on Day 2, Retail Portion Fully Booked | All About It

ABP News  

Paytm IPO Update: Paytm founder Vijay Shekhar Sharma visited the Tirumala Temple in Tirupati to pray for the success of the IPO of his Fintech company Paytm. However, Paytm's IPO has received a 48 per cent subscription on its second day. The IPO of One97 Communications, the parent firm of Fintech company Paytm is being called the largest one in …

Paytm IPO Opens: Should you buy or not? Here's expert advice
3 years, 1 month ago

Paytm IPO Opens: Should you buy or not? Here's expert advice

Hindustan Times  

One 97 Communication Ltd, the parent company of Paytm, has opened subscriptions for the biggest IPO India has seen in its history. Riding on the back of bullish investor sentiment, strong equity market performance and the increasing digital adoption Paytm aims to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing the company at ₹1.39 trillion at the top end. …

Paytm's Rs 18,300-crore IPO opens today; here's all you need to know
3 years, 1 month ago

Paytm's Rs 18,300-crore IPO opens today; here's all you need to know

Firstpost  

This is likely to be the biggest issue in India’s history, breaking a decade-long record by Coal India Ltd, which raised over Rs 15,200 crore in its IPO Paytm’s Initial Public Offering of Rs 18,300 crore opens for subscription today, 8 November. Paytm’s IPO includes Rs 10,000 crore worth of shares as an offer for sale by existing shareholders as …

IPO-bound Paytm employees add 5.45 lakh more shares for monetisation
3 years, 3 months ago

IPO-bound Paytm employees add 5.45 lakh more shares for monetisation

The Hindu  

Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO. Earlier, 200 former and current employees had converted their ESOPs into shares, taking the total count of employees to around 220. Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares …

Paytm eyes IPO by October-end, hopes to break even in 18 months: Report
3 years, 4 months ago

Paytm eyes IPO by October-end, hopes to break even in 18 months: Report

Live Mint  

Indian digital payments firm Paytm expects to launch its initial public offering at around the end of October, pending regulatory approvals, a source familiar with the matter said on Monday. Paytm, which has filed for a ₹16,600 crore IPO that will likely be the largest ever in India, also expects to break even in 18 months, the source said, declining …

Paytm Gears Up For Mega $2.23 Billion IPO, India's Biggest
3 years, 5 months ago

Paytm Gears Up For Mega $2.23 Billion IPO, India's Biggest

ABP News  

New Delhi: China's Ant Group and Japan's Softbank backed Paytm, India's digital payments leader is seeking regulatory approval to raise up to Rs 16,600 crore, making it the country's largest stock market debut ever, exceeding Rs 15,000 crore raised by state-owned Coal India a decade back. The offering may value the company over Rs 1.86 lakh crore and comes at …

Paytm IPO: One97 Communications Approves Rs 12,000-crore Fund Raising Plan
3 years, 6 months ago

Paytm IPO: One97 Communications Approves Rs 12,000-crore Fund Raising Plan

News 18  

One97 Communications, the parent company of Paytm has decided to raise Rs 12,000 crore by issuing fresh equity in its extraordinary general meeting on July 12, according to reports. “Resolved that the shareholders of the Company hereby take on record that Mr. Vijay Shekhar Sharma shall henceforth not be identified as a ‘promoter’ of the Company for any purpose, regulatory, …

Paytm targeting biggest-ever IPO in India
3 years, 6 months ago

Paytm targeting biggest-ever IPO in India

Live Mint  

Paytm, India’s leading digital payments provider, is aiming to raise about ₹21800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around …

Paytm Money to offer investments in IPOs
4 years ago

Paytm Money to offer investments in IPOs

Live Mint  

Paytm Money, the wealth management arm of One97 Communications Ltd, will allow users to invest and participate in upcoming initial public offerings in India on its platform, it said on Sunday. Paytm Money will enable investors to instantly apply for the latest IPOs from their Unified Payments Interface ID-linked bank accounts and complete the application process in three-four days. In …

Paytm Money Come up With Loans Against Stocks, Mutual Funds
4 years, 1 month ago

Paytm Money Come up With Loans Against Stocks, Mutual Funds

News 18  

Paytm Money is considering introducing loans against stocks and mutual funds. Varun Sridhar, CEO – Paytm Money, said in an interview, “The platform has seen investors shift some of their mutual fund allocations to stock trading. It has He added, “As a leading direct mutual fund distributor and wealth platform, managing customers’ short-term liquidity needs or unforeseen expenses is our …

Paytm registers 2x growth in digital gold; over 75 million customers have transacted 5000 kg till now
4 years, 1 month ago

Paytm registers 2x growth in digital gold; over 75 million customers have transacted 5000 kg till now

India TV News  

India's homegrown digital financial services platform Paytm has announced today that it has recorded 2x growth in the digital gold transactions during the last six months. The company has now extended the Paytm Gold services to Paytm Money platform, enabling users to buy & sell digital gold on any of the two platforms. The company has also announced the launch …

Paytm Money launches ETFs, aims for investment by 1 lakh users in 12-18 months
4 years, 1 month ago

Paytm Money launches ETFs, aims for investment by 1 lakh users in 12-18 months

Live Mint  

New Delhi: Fintech major Paytm on Monday said its wholly-owned subsidiary Paytm Money has launched Exchange-Traded Funds on its platform after approval from the Securities and Exchange Board of India. "ETFs are investment avenues that everyone should add to their portfolio to earn index or market-linked returns at a lesser cost.We are offering a user-friendly interface along with necessary factors …

Planning to invest in mutual funds? Here's how you can install Paytm Money app and grow your wealth
4 years, 6 months ago

Planning to invest in mutual funds? Here's how you can install Paytm Money app and grow your wealth

India Today  

Earlier, investing in mutual funds used to be a complicated process with all the hassles of paper-based account opening. With its fully digital platform, Paytm Money app has made it simple and convenient for everyone to start investing in mutual funds and grow their wealth. In addition to this, with just a few taps, you get to view updated mutual …

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