Swiggy, backed by the Japanese conglomerate SoftBank, intends to raise a whopping Rs 3,750 crore ($448.56 million) by issuing fresh shares. Additionally, existing shareholders such as Prosus, Accel India, and Tencent Europe are also expected to sell portions of their existing stakes.
Read More
The deal, valued at Rs 2,048 crores on a cash-free, debt-free basis, stands "as a testament to the value" Paytm has created through its entertainment ticketing business, bringing choice and convenience to millions of Indians with its services and scale, the company says
Read More
As per media reports, One97 Communications, Paytm's parent company, stated that these services will remain accessible on the Paytm app for up to 12 months during the transition period
Read More
