Paytm’s IPO faces an unusual barrier: A 71-year-old former director

2021-08-12 20:33:36

By Aditya Kalra and Abhirup Roy

Paytm’s
$2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.

In legal documents seen by Reuters, Paytm says the claim by Ashok Kumar Saxena and allegations of fraud in a police complaint in New Delhi are mischievous attempts to harass the firm. The dispute

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Paytm’s IPO faces an unusual barrier: A 71-year-old former director

2021-08-12 20:33:36

By Aditya Kalra and Abhirup Roy

Paytm’s
$2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.

In legal documents seen by Reuters, Paytm says the claim by Ashok Kumar Saxena and allegations of fraud in a police complaint in New Delhi are mischievous attempts to harass the firm. The dispute

Continue Reading