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Paytm’s $2.5 bln IPO mints new millionaires in India

by AIP Online Bureau | Nov 12, 2021 | Eco/Invest/Demography, Facts

About 350 current and ex-employees will each have a net worth of at least 10 million Indian rupees ($134,401.38) after Paytm’s $2.5 billion IPO, a source in the company told Reuters. Many, like Pandey, will become dollar millionaires when the company lists next...

With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion

by AIP Online Bureau | Sep 30, 2021 | Indian News, Non-Life, Policy

  Mumbai, Sept 30: The government's decision to infuse Rs 4,400 crore in state-owned credit insurance provider ECGC Ltd and its listing through an initial public offering, expected in next 18 months, will increase the company's underwriting capacity...
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