Reuters exclusively reports ex-director seeks to stall $2 billion Paytm IPO - Reuters News Agency
Business & Finance

Reuters exclusively reports ex-director seeks to stall $2 billion Paytm IPO

Reuters exclusively reported Indian digital payments leader Paytm was facing a hurdle with its planned IPO after a former director urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares. In legal documents seen by Reuters, Paytm says the claim by Ashok Kumar Saxena and allegations of fraud in a police complaint in New Delhi are mischievous attempts to harass the firm. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Ashok Kumar Saxena poses for a photo in Vancouver, Washington, U.S., August 11, 2021. Picture taken August 11, 2021. REUTERS/Alisha Jucevic
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