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Paytm raises Rs 8,235 cr from anchor investors – paytm raises Rs 8235 cr from anchor investors

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Paytm raises Rs 8,235 cr from anchor investors – paytm raises Rs 8235 cr from anchor investors

New Delhi, Nov 3 (PTI) Digital payments and financial services company Paytm on Wednesday raised Rs 8,235 crore from anchor investors ahead of its initial share sale.

Paytm, in an information sent to the stock exchange, said that it raised funds from BlackRock, CPP Investment Board, Birla MF and other investors in the anchor investor round.

BlackRock invested Rs 1,045 crore, Canada Pension Scheme Investment Board Rs 938 crore and GIC Rs 533 crore.

The initial public offering (IPO) of the company will open on November 8. The price range for equity has been kept at Rs 2,080-2,150 per share.

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