India’s Paytm seeks shareholder approval for US$1.6 billion sale of new stock

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NEW DELHI: Indian digital payments firm Paytm is seeking shareholder approval to sell up to 120 billion rupees (US$1.62 billion) in new stock in what could be the South Asian country’s biggest-ever initial public offering at a total of US$3 billion. Paytm, which counts China’s Alibaba and …