Paytm IPO: Fintech firm gets SEBI nod for mega Rs 16,600-crore offer

Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer. 

New Delhi: Digital financial services firm Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer, a source involved in the process said on Friday.

The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing.

"Sebi has given approval for Paytm IPO," the source said on condition of anonymity.