Paytm board of directors approves $3 Bn IPO plan
The company is eyeing a valuation of $25– $30 Bn
SoftBank will dilute its stakes worth $1.5 Bn in the upcoming IPO
SoftBank’s partial exit from Paytm will be its largest exit from an Indian company after Flipkart
Elevation Capital and ANT Group will be diluting their shareholdings in the IPO as well
The IPO is scheduled for November this year
Paytm is one of the biggest digital payments companies in India
