Paytm Payments Bank approves Rs 600 million rights issue
September 07, 2017
The board of Paytm Payments Bank has approved a Rs 600 million rights issue for its existing shareholders.
As per the board’s decision, 60 million equity shares with a face value of Rs 10 will be issued on a right basis to the investors. Of these, 30.6 million shares will be issued to the founder of Paytm’s parent company One97 Communications Limited, Vijay Shekhar Sharma. Meanwhile, One97 Communications Limited will be given 23.4 million shares while the remaining 6 million shares will be issued to One97 Communications India.
Share:
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Rush for Funds - 3G and BWA auctions spur the demand for finance
- MTNL posts its results for the first quarter of financial year 2012-2013
- Margins Under Pressure - Bharti and Idea announce fourth quarter results
- Financial briefs of March 2011
- Sterlite Technologies announces results for fiscal year 2010-11
- Sify Technologies Limited reports third quarter results for 2010-11
- RCOM posts consolidated net profit of Rs 1.02 billion for the quarter ended September 2012
- Spice Mobility Limited plans to transfer 47 million shares to two independent non-promoter trusts
- GTL Limited reports 26 per cent fall in profit for the quarter ended December 2010
- Spice Group plans to raise $ 1 billion through overseas listing of Spice Global
No Most Rated articles exists!!
| Your cart is empty |
