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Paytm raises ₹ 8,235cr in anchor round
November 08, 2021
One97 communications Ltd, the organization which operates Paytm, has raised ₹8,235cr from anchor investors, with the anchor round oversubscribed 10 times by investors.
The anchor round saw participation from both domestic and foreign investors, with 21 investors bidding greater than ₹100cr as a part of Paytm’s anchor round.
Top investors included Blackrock Inc., Canada Pension Plan Investment Board, Aditya Birla Mutual Fund and GIC Pte. Which made the highest bids. Through various funds, Blackrock has invested ₹1,045cr, CPPIB invested ₹938cr, Aditya Birla Mutual fund invested ₹555cr and GIC Pte. Invested ₹533cr, as a part of Paytm’s anchor round.
The fintech company’s IPO also included participation from pension funds, superannuation funds as well as sovereign wealth funds. With this Paytm has already secure 45% of its total ₹18,300cr IPO issue size.
Paytm increased its issue size to ₹18,300cr from ₹16,600cr in last month.
According to the sources, Paytm was looking to raise $1.1bn from anchor investors in what is touted to be India’s Largest IPO, till date.
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