Paytm eyes up to $20-billion valuation in biggest Indian IPO – ETRetail.com

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Paytm’s IPO valuation is rational and fair despite higher options on the table, One97 Communications founder Vijay Shekhar Sharma says. Shares in the November 8-10 Paytm IPO will be offered in a price band of Rs 2,080-2,150 apiece.
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Alibaba shares sank from an all-time high that month to a record low three weeks ago in Hong Kong, as Beijing stepped up its scrutiny of the company’s practices and urged a restructure of its fintech business. Despite a 30% recovery from Oct. 5, the stock is still 43% lower than its October 2020 peak.
The Mumbai centre will house 72 international and Indian brands, 27 culinary outlets with cuisines from across the globe, an open-air weekend community market, pet-friendly services, according to the company’s statement.
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