SoftBank-backed Indian digital payments startup Paytm’s parent is set to allot about 2.6 million shares to investors, according to a latest filing by the company. A source familiar with the matter said the allotment by One 97 Communications Ltd was part of last month’s $1 billion fundraise, which valued Paytm at $16 billion. Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and funds managed by T Rowe Price were among the investors, financial data accessed by business intelligence platform Tofler dated Dec. 12 showed. …read more
Source:: Yahoo Finance
