Paytm’s parent One97 Communications Ltd (OCL) talks with several investors to raise $268 million ahead of its planned public listing on the domestic exchanges by November, said three people aware of the discussions. It will look to tap institutional investors, and sovereign funds for the fundraising, one of the three people cited above said, requesting anonymity.

The pre-IPO funding round is part of OCL’s primary fundraise that will be done through a fresh issue of shares.
On Monday, shareholders approved at an extraordinary general meeting (EGM) to raise to Rs 12,000 crore through a fresh issue of shares.

The pre-IPO funding round is part of OCL’s primary fundraise that will be done through a fresh issue of shares.
On Monday, shareholders approved at an extraordinary general meeting (EGM) to raise to Rs 12,000 crore through a fresh issue of shares.

On 31 May that Paytm was looking to raise $1-1.5 billion by selling new shares to qualified institutional buyers. The primary issue is solely to infuse growth capital in the 11-year-old entity, people familiar with the matter had said.