The changes are effective from September 10. Udaan said in a statement that its co-founders always envisioned the company as an institution that is professionally run and will last beyond them
Following this move, PhonePe, which is one of the investors in MapmyIndia and promoters is likely to sell part of its stake in the IPO
Cumulatively the shares being converted could be worth more than Rs 600 crore. Paytm was last valued at under Rs 12 lakh crore, or $16 billion
CMS Info Systems, a cash management company, has filed preliminary documents with markets regulator Sebi to raise Rs 2,000 crore through an initial public offering.
The Rs 9,375-crore Zomato IPO issue, offered at a price of Rs 72-76 per share, will close on Friday
As per initial plans the Gurugram-headquartered company is looking to raise as much as Rs 9,375 crore by issuing fresh stock and via an offer for sale at Rs 72-76 per share