Paytm board grants in-principle approval for around Rs 22,000 crore IPO

Paytm shareholders include Alibaba's Ant Group (29.71 percent), Softbank Vision Fund (19.63 percent), Saif Partners (18.56 percent), Vijay Shekhar Sharma (14.67 percent). AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 percent stake in the company.

Digital payments and financial services firm Paytm has received in-principle approval from the company's board to raise around Rs 22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO. "The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around Rs 21,000-Rs 22,000 crore from the IPO. This will also give some of the existing investors to offload some of their stakes," the source aware of the development told PTI.