Ant Group-Backed Paytm Says It's 'More Than Well-Capitalized' After Raising Its IPO Size - NewsBreak

In papers submitted to India's market regulator on Thursday, Paytm said it will issue new shares worth 83 billion rupees while existing shareholders will sell shares worth up to 100 billion rupees. That would bring the total IPO size to 183 billion rupees ($2.44 billion). The start-up is backed...