This decision comes as the deadline mandated by the Reserve Bank of India (RBI) inches closer, it told stakeholders in a notice issued on 31 August 2021. It is expected to seek approval for the same from its investors through the general meeting scheduled for 23 September 2021.
The actual consideration will be the derived basis book value appearing as of 31 August 2021. Paytm, which is targeting an initial public offering (IPO) of USD 2.2 billion, offers payment, commerce and cloud and financial services to 333 million consumers and over 21 million merchants.
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