India’s Paytm to file draft prospectus as early as July 12 for $2.3 bln IPO -sources

1 Minute Read by Reuters Staff Reuters, NEW DELHI, July 5 – According to two persons familiar with the subject, One97 Communications Ltd, the parent company of Indian payments provider Paytm, will file a draft prospectus for a domestic initial public offering (IPO) as early as July 12 in order to raise $2.3 billion. (Sankalp Phartiyal in NEW DELHI and Scott Murdoch in HONG KONG contributed reporting; Muralikumar Anantharaman edited the piece.)/nRead More