Paytm may use ₹2,200 cr it raised in IPO to counter losses: Report

Paytm may use an unused corpus worth nearly ₹2,200 crore it had raised during its IPO to counter losses it potentially faces amid RBI's order against Paytm Payments Bank, Moneycontrol reported. Paytm had raised around ₹8,300 crore, of which it used over ₹6,100 crore for organic and general corporate purposes. Paytm may reportedly use the amount to make strategic acquisitions.