Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit
5 years, 4 months ago

Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit

Hindustan Times  

Paytm will start preparations for an initial public offering in the next 22-24 months, its founder and CEO Vijay Shekhar Sharma said at the HT-MintAsia Leadership Summit in Singapore on Friday. Vijay Shekhar Sharma, Founder and CEO of Paytm, during the ‘What it takes to be a global unicorn’ session at the Hindustan Times Mint-Asia Leadership Summit, in Singapore, on Friday The Indian e-commerce and digital payments giant last disclosed raising $300 million from Warren Buffet’s Berkshire Hathaway in 2018. Paytm’s parent company One97 Communications is India’s most valuable unicorn, or privately held startup with a valuation of $1 billion or more. The figure surpasses the full year figure for 2016 and 2017, indicating a surge in investor confidence, buoyed by post-election optimism and Flipkart’s $16-billion exit to Walmart last year.

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History of this topic

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock
2 weeks, 2 days ago

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock

Live Mint  

Some stocks exhibit a remarkable ability to bounce back after long periods of downturns, showcasing their resilience and strength. After plunging to an all-time low in May, Paytm's stock staged a stunning rally, reaching a three-year high by December. Additional positive developments supporting the stock's rebound include the Ministry of Finance’s approval for foreign direct investment in its subsidiary PPSL …

IPO in India hits landmark as investments soar, record Rs 1.6 lakh crore raised in 2024
2 weeks, 5 days ago

IPO in India hits landmark as investments soar, record Rs 1.6 lakh crore raised in 2024

India TV News  

As investors show confidence in investing, fundraising via IPOs in India hit another landmark in 2024 as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore. Companies with large, mid, and small capitalisations tapped into the IPO route with an average issue size rising significantly from Rs 867 crore …

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore
2 weeks, 6 days ago

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore

Deccan Chronicle  

Chennai: Calendar year 2024 was a blockbuster year for the market as a record high Rs 1.8 lakh crore was raised through 317 Initial Public Offerings and Follow-on Public Offerings surpassing the previous record of Rs 1.3 lakh crore set in 2021. Against 2023, when 242 companies raised a total capital of Rs 57,600 crore, 2024 saw highest number of …

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite
4 weeks, 1 day ago

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite

Live Mint  

Investors purchased a record ₹1,34,345 crore of shares in initial public offerings so far in 2024, as 76 companies including Hyundai Motor India, Swiggy, NTPC Green and Bajaj Housing Finance listed on the stock exchanges, giving venture capital and private equity firms profitable exits. Sai Life Sciences’ investors such as TPG Asia and HBM Private Equity India are expected to …

Zepto to become profitable in FY26, hopeful for IPO plans next year: CEO Aadit Palicha
4 weeks, 2 days ago

Zepto to become profitable in FY26, hopeful for IPO plans next year: CEO Aadit Palicha

Live Mint  

Quick commerce major Zepto says it is on a clear path to becoming a fully Indian-owned entity and hitting the profitability milestone in the next fiscal year. "That's our ambition.of course, capital markets may change, but for now, we're optimistic that if the business continues to perform as well, we will go public in calendar 2025," the Zepto CEO told …

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
1 month ago

Paytm shares rise above Rs 1,000 today. 3 things you need to know

India Today  

Paytm shares rallied over 3% on Monday, hitting a 52-week high of Rs 1,007 on the Bombay Stock Exchange. Here are three key factors propelling Paytm’s stock upward: STRATEGIC SALE Paytm’s Singapore-based unit approved the sale of its Stock Acquisition Rights in Japanese payments firm PayPay to SoftBank Vision Fund 2 for JPY 41.9 billion. PAYTM'S FINANCIAL PERFORMANCE Paytm reported …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
1 month ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence
1 month ago

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence

Live Mint  

New Delhi, December 8 Fundraising via initial public offerings in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. The listed companies raised a combined ₹1.4 trillion rupees, according to data compiled by S&P Global Market Intelligence. The IPO count this year grew over 22 per cent from 243 in 2023, while …

Paytm has made a big new bet. Will it pay off?
1 month, 2 weeks ago

Paytm has made a big new bet. Will it pay off?

Live Mint  

Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec
1 month, 2 weeks ago

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec

ABP News  

The IPO frenzy seems to not be ending any time soon. The primary market is expected to remain strong with at least 10 firms planning to raise a combined Rs 20,000 crore via maiden issues in the next month, merchant bankers revealed. The companies scheduled to launch their public offers include Vishal Mega Mart, NBFC Avanse Financial Services, International Gemmological …

Zepto Secures $350-Mn Funding To Bolster Domestic Stake Before India IPO
1 month, 2 weeks ago

Zepto Secures $350-Mn Funding To Bolster Domestic Stake Before India IPO

ABP News  

Zepto, the rapid delivery start-up, has retained its $5 billion valuation in its latest funding round, attracting notable investors such as Motilal Oswal’s Raamdeo Agrawal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, Claypond Capital, and the Cello Family Office. Additionally, the round saw participation from other prominent players, including the Haldiram Snacks Family Office, Sekhsaria …

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?
1 month, 2 weeks ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
2 months ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

Venture Capital Firms Encourage Startups to Go Public in a Bull Market
2 months, 2 weeks ago

Venture Capital Firms Encourage Startups to Go Public in a Bull Market

Live Mint  

Venture capital investors are increasingly encouraging some of their early- to mid-stage portfolio startups, such as IntrCity, BHive, and Leverage Edu, to go public. Startups can take advantage of a bullish stock market and return capital to their investors through an IPO. However, the IPO market is hot, and startups must be prepared to meet investor expectations. Some startups are …

IPO Debut: P N Gadgil Jewellers Begins Trading At 73 Per Cent Premium, Check Share Price
3 months, 3 weeks ago

IPO Debut: P N Gadgil Jewellers Begins Trading At 73 Per Cent Premium, Check Share Price

ABP News  

Jewellery retailer, P N Gadgil Jewellers made a bumper debut in the stock market with a premium of nearly 73 per cent over its issue price. The company’s initial public offering debuted on the BSE at Rs 834 apiece, against the issue price of Rs 480 per share. Prior to the issue, the firm raised Rs 330 crore from anchor …

FirstCry's ₹4,193 crore IPO opens: 10 things to know before subscribing
5 months ago

FirstCry's ₹4,193 crore IPO opens: 10 things to know before subscribing

Hindustan Times  

The initial public offering of Firstcry opens for subscription today and will close on August 8. Here are 10 things to know about the Firstcry IPO: FirstCry IPO: The price range of Firstcry IPO is in the range of ₹ 440-465 per share and investors can bid for 32 shares in one lot. Firstcry IPO comprises a fresh issue of …

Sanstar IPO: Listing To Open On July 19 For Bidding, Price Band Set At Rs 90-95 Per Share
5 months, 3 weeks ago

Sanstar IPO: Listing To Open On July 19 For Bidding, Price Band Set At Rs 90-95 Per Share

ABP News  

Specialty products and ingredients solutions maker, Sanstar, is set to open its maiden initial public offering for subscription on July 19, 2024. The firm has fixed the price band of the issue at Rs 90-95 per share and it intends to raise Rs 510.15 crore via the offering. The offer comprises a fresh issue of 4.18 crore equity shares worth …

Mumbai-based realty firm Ashwin Sheth Group plans to float an IPO in the next 2 years, raise ₹2,000- ₹3,000 crore
6 months ago

Mumbai-based realty firm Ashwin Sheth Group plans to float an IPO in the next 2 years, raise ₹2,000- ₹3,000 crore

Hindustan Times  

Mumbai-based real estate developer, Ashwin Sheth Group, on July 9 announced that it plans to float an Initial Public Offering in the next 18 to 24 months and raise ₹2,000 to ₹3,000 crore. Ashwin Sheth Group on July 9 announced that it plans to float an Initial Public Offering in the next 18 to 24 months and raise ₹ 2,000 …

Incentives for start-ups, ONDC expansion: What Paytm’s Vijay Shekhar Sharma expects from Union Budget
6 months ago

Incentives for start-ups, ONDC expansion: What Paytm’s Vijay Shekhar Sharma expects from Union Budget

Live Mint  

One 97 Communication also known as Paytm, founder Vijay Shekhar Sharma expects the focus to be on digitisation and start-ups getting support from the upcoming Union Budget 2024, the founder told ANI during an event on Saturday, July 6th. “My expectation from the Government of India is to promote ONDC further because ONDC is in a way becoming an e-commerce …

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back
6 months, 4 weeks ago

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back

Hindustan Times  

Paytm founder and CEO Vijay Shekhar Sharma is reportedly reaching out to former executives of the company as he aims to revive the embattled firm. The report also claimed that Vijay Shekhar Sharma has been taking control of the various verticals to push growth, reduce customer attrition and increase confidence among partners, merchants and customers. "Sharma's strategic move to reunite …

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day
7 months, 1 week ago

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day

ABP News  

Shares of One97 Communications, Paytm's parent company, surged by 5 per cent on Thursday, reaching their upper circuit limit for the second consecutive session. Nevertheless, the stock surged by 4.99 per cent, hitting its upper circuit limit of Rs 377.40 on the NSE and Rs 377.50 on the BSE. As of the end of March, Paytm founder Vijay Shekhar Sharma …

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’
7 months, 2 weeks ago

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’

Hindustan Times  

Paytm's Vijay Shekhar Sharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. Full text of Paytm founder and CEO Vijay Shekhar Sharma’s letter …

Vijay Shekhar Sharma assumes leadership of Paytm: Can he steer the company to stability?
8 months ago

Vijay Shekhar Sharma assumes leadership of Paytm: Can he steer the company to stability?

India TV News  

Recently it was reported that Paytm's share has crashed by about 50 per cent this year, amid high-profile exits, the RBI ban on certain businesses of Paytm Payments Bank Ltd, and fresh reports about some lending partners revoking loan guarantees due to repayment defaults from customers. As the share price continues to hit the lower circuit amid fresh uncertainties, the …

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings
8 months ago

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings

ABP News  

One97 Communications Limited that owns the brand Paytm is expanding its leadership team to build a large and profitable payment and financial services distribution business. Expanding Priority To Wealth Management Products The company has also undertaken leadership transitions within its wealth subsidiary where Rakesh Singh has recently been appointed as the new Chief Executive Officer of Paytm Money Ltd. With …

Paytm's former employees are now running 22 startups worth over ₹10,000 crore: Report
9 months, 2 weeks ago

Paytm's former employees are now running 22 startups worth over ₹10,000 crore: Report

Hindustan Times  

Paytm employees, who quit the fintech major to launch 22 startups over the years, have hit a collective valuation of ₹10,668 crore, according to a report from Private Circle. The group includes Pocket FM, co-founded by Rohan Nayak, former product manager at Paytm; Park+, founded by Amit Lakhotia, former business head of Paytm wallet and gold loan platform Indiagold, founded …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 3 weeks ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’
10 months ago

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma said that he was confident that his company will overcome regulatory setbacks in India this year and stage a comeback. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. He asserted, “And it is important for you, yourself to be taking care of …

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
10 months, 2 weeks ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Paytm CEO Vijay Shekhar Sharma meets FM Nirmala Sitharaman amid crisis
11 months ago

Paytm CEO Vijay Shekhar Sharma meets FM Nirmala Sitharaman amid crisis

Hindustan Times  

Paytm founder and chief executive officer Vijay Shekhar Sharma met Union finance minister Nirmala Sitharaman on Tuesday to discuss the ongoing challenges faced by his fintech firm following the Reserve Bank of India curbs, ANI reported. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm. The high-level meeting took place hours after Sharma and few Paytm …

Paytm shares climb for 2nd day; jump 10 pc
11 months ago

Paytm shares climb for 2nd day; jump 10 pc

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday morning, continuing its recovery journey. The stock of One97 Communications Ltd rebounded by over 3 per cent on Tuesday after three days of sharp fall. From February 1-5, the company's stock tumbled over 42 per cent, wiping out Rs 20,471.25 crore from its …

IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list
11 months, 1 week ago

IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list

Live Mint  

Building on the momentum from the record number of companies that went public in 2023, the IPO trend is persisting in 2024. 16 companies have already made their debut on Dalal Street in January, and an additional six companies are scheduled to list this month, bringing the total number of new listings to 22. It filed draft documents for an …

Paytm shares in red amid AI-driven layoffs at fintech major
1 year ago

Paytm shares in red amid AI-driven layoffs at fintech major

Hindustan Times  

Shares of One97 Communications Limited, the Noida-based parent of fintech major Paytm, witnessed a dip of nearly 2% in early trade on Tuesday, with the decline coming on the back of job cuts undertaken by the company, which described the move as a ‘slight reduction' to its workforce. Representational Image Around 11 am, One97 shares fell by over 1.5% on …

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData
1 year ago

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData

Live Mint  

Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital funding deals in the past 11 months this year. Among the top VC funding deals in Indian startups this year were- $250 …

Tata Technologies IPO day 1: Check subscription status, other details
1 year, 1 month ago

Tata Technologies IPO day 1: Check subscription status, other details

Hindustan Times  

The initial public offering of Tata Technologies, the first by a Tata Group company in 20 years, opened for subscription on Wednesday, with November 24 being the deadline to subscribe. Tata Technologies IPO: Subscription status At 10:48 IST the ₹3042.51 crore public offer stood subscribed 1.29 times, noted Livemint. Tata Technologies IPO: Price band The three-day issue has a price …

Tata Technologies IPO to open for subscription on this date
1 year, 1 month ago

Tata Technologies IPO to open for subscription on this date

Hindustan Times  

Tata Tech IPO: Tata Technologies, which provides engineering and product development digital services, has said its initial public offering will open for public subscription on November 22. Last month, Tata Motors had stated that it has inked a pact to sell a 9.9% stake in Tata Technologies to TPG Rise Climate for ₹ 1,613.7 crore. As part of the process, …

Vishnu Prakash IPO subscribed over 87 times on last day
1 year, 4 months ago

Vishnu Prakash IPO subscribed over 87 times on last day

Live Mint  

Vishnu Prakash IPO: The initial public offering of Vishnu Prakash R Punglia Limited has received robust response from investors so far. As today is the last day for Vishnu Prakash IPO subscription, focus now shifts to GMP and allotment. Vishnu Prakash IPO GMP Today Vishnu Prakash IPO GMP today, or grey market premium today, is ₹55 per share, according to …

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 …

Vijay Shekhar Sharma to become largest shareholder in Paytm. Here's how
1 year, 5 months ago

Vijay Shekhar Sharma to become largest shareholder in Paytm. Here's how

Hindustan Times  

Fintech firm One97 Communications founder and CEO Vijay Shekhar Sharma will acquire a 10.30 per cent stake in Paytm from Antfin Holding BV through an off-market transfer in a no-cash deal. As per the deal, Sharma will purchase 10.3 per cent shareholding in Paytm from Antfin through his 100 per cent owned overseas entity Resilient Asset Management BV which will …

Vijay Shekhar Sharma to become largest shareholder in Paytm; stock jumps 11%
1 year, 5 months ago

Vijay Shekhar Sharma to become largest shareholder in Paytm; stock jumps 11%

Live Mint  

Paytm founder Vijay Shekhar Sharma will purchase a 10.30% stake in the company from Antfin Holding BV. Antfin will transfer 6.53 crore shares of Paytm to Resilient Asset Management B.V., an entity in which Sharma owns the complete 100% stake. According to the BSE filing, Paytm's parent company One97 Communications on Monday informed that, "Vijay Shekhar Sharma, and Antfin Holding …

Tata Technologies IPO: GMP, expected date and price. Why you should apply?
1 year, 5 months ago

Tata Technologies IPO: GMP, expected date and price. Why you should apply?

Live Mint  

Tata Technologies IPO: After SEBI's nod for the launch of initial public offering Tata Technologies Limited, Indian stock market is all set to welcome Tata group company on Dalal Street after a gap of near 19 years. Tata Technologies IPO GMP today According to market observers, Tata Technologies IPO GMP today is ₹84, which is ₹16 lower from previous week …

Paytm shares rise over 3% on strong July business update
1 year, 5 months ago

Paytm shares rise over 3% on strong July business update

Live Mint  

Paytm share price rallied over 3% on Friday after the fintech giant reported strong operating performance for the month of July. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. The loan distribution business of the fintech firm continues to gain scale …

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma
1 year, 5 months ago

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma

Business Standard  

The Indian financial technology ecosystem has room to accommodate many large players as the country's market is largely underserved, said Paytm founder and chief executive officer Vijay Shekhar Sharma during an analyst call. Paytm, the only listed payments fintech in India, in its first quarter results, announced that its revenue from operations jumped 39 per cent year-on-year to Rs 2,342 …

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report
1 year, 5 months ago

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report

ABP News  

Defying global trends, the stock exchanges of India have topped global rankings in terms of the number of initial public offers. As per a report by Ernst and Young, the BSE and the NSE have jointly listed 80 firms till June 2023, which is 33 per cent higher than the 60 IPOs floated a year back. "Defying the global downward …

Paytm shares tank on buzz of block deal
1 year, 11 months ago

Paytm shares tank on buzz of block deal

Live Mint  

Shares of One 97 Communications Ltd tanked more than 8% to ₹649 apiece on the BSE in Friday's deals on buzz of large block deals. 2.1 crore shares of Paytm have changed hands through block deal on Friday and a report by ANI suggested that Chinese multinational Alibaba has sold its entire stake in Paytm in today's block deal. Paytm …

Paytm expects to sustain operational profit performance, completes Rs 796 cr share buyback
1 year, 11 months ago

Paytm expects to sustain operational profit performance, completes Rs 796 cr share buyback

India TV News  

Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA, an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022. The company has calculated an incentive of Rs …

Paytm reports first-ever operating profit
1 year, 11 months ago

Paytm reports first-ever operating profit

Live Mint  

India’s second biggest fintech firm Paytm reported its first-ever adjusted Ebitda profitability in the quarter-ended December 2022, three-quarters ahead of its guidance. Paytm, operated by One97 Communications, reported an earnings before interest, taxes, depreciation and amortization without accounting for employee-stock option costs, of ₹31 crore over a revenue of operations of ₹2,062 crore in the third quarter of financial year …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 11 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Fundraising Via IPO Nearly Halves To Rs 59,412 Crore In 2022; 35% By LIC Alone: Prime Database
2 years ago

Fundraising Via IPO Nearly Halves To Rs 59,412 Crore In 2022; 35% By LIC Alone: Prime Database

News 18  

A total of 40 Indian companies raised Rs 59,412 crore through main board IPOs in the calendar year 2022, which is half of the Rs 1,18,723 crore mobilised by 63 IPOs in 2021, according to data from primary market tracking firm Prime Database. Out of the total fundraising via IPO in 2022, about Rs 20,557 crore or a huge 35 …

Softbank to sell Paytm stake worth $200 mn via block deal
2 years, 1 month ago

Softbank to sell Paytm stake worth $200 mn via block deal

Live Mint  

Japan’s SoftBank will sell a third of its stake in One97 Communications Ltd, the owner of the Paytm payments app, through a $200 million block deal, according to deal terms reviewed by Mint. Paytm started trading on the bourses on 15 November 2021 after raising ₹18,300 crore in an initial share sale, the second biggest IPO so far in India. …

Tamilnad Mercantile Bank IPO: Latest GMP ahead of share allotment
2 years, 4 months ago

Tamilnad Mercantile Bank IPO: Latest GMP ahead of share allotment

Live Mint  

The three-day initial public offer of Tamilnad Mercantile Bank got subscribed 2.86 times on the last day of subscription that closed on Wednesday. The finalization of basis of share allotment of Tamilnad Mercantile Bank IPO is expected to take place next week on Monday, September 12, 2022 and if allotted, then the credit of shares to demat account of bidders …

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