Paytm CEO Visits Tirupati Temple Ahead Of Historic IPO
NDTV
Paytm is looking to raise nearly $2.5 billion (roughly Rs. 18,527 crores), in what has already been a record year for share listings.
Paytm founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma visited the Tirupati temple in Andhra Pradesh to seek blessings ahead of the company's Initial Public Offering (IPO) today. The IPO of Paytm, earlier known as One97 Communications, is India's biggest-ever initial public offering. The digital payments platform is looking to raise nearly $2.5 billion (roughly Rs. 18,527 crores), in what has already been a record year for share listings. Food delivery giant Zomato was the country's biggest IPO of the year until now with its $1.3 billion (roughly Rs. 9,634 crores) share issue in July. Just met Sh. Jawahar Reddy Executive Officer, Tirumala Tirupati Devasthanams (#TTD) in Tirupati as I have come here to seek blessing of God for all of @Paytm family. ???????????????????????? pic.twitter.com/i7RIep8sLk
Paytm is backed by Chinese tycoon Jack Ma's Ant Group, Japan's SoftBank, and Warren Buffett's Berkshire Hathaway, which together own around a third of the company.
"Just met Sh. Jawahar Reddy Executive Officer, Tirumala Tirupati Devasthanams (#TTD) in Tirupati as I have come here to seek blessing of God for all of @Paytm family," Mr Sharma tweeted along with a picture of him with the temple trust's executive officer.
