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Paytm's parent One97 Communications is planning to sell ₹12,000 crore ($1.6 billion) in new shares as a part of the IPO. It will be seeking shareholder permission for the same at a meeting on July 12, according to a notice. Paytm will also propose removing Founder Vijay Shekhar Sharma as promoter to comply with market regulator SEBI's public listing norms.
short by Kiran Khatri / 04:29 pm on 18 Jun
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