Public Market

IPO

Sebi examines Ant Group and Alibaba holdings in IPO-bound Paytm

Business Standard  

Capital markets regulator Securities and Exchange Board of India (Sebi) is examining if Paytm shareholders Ant group and Alibaba - Hangzhou-headquartered Chinese conglomerates - are in compliance with listing regulations. Ahead of Paytm's public debut, Sebi is looking at whether the two investors must be treated as separate companies or a combined entity. This is part of its due diligence process. Ant Group, with around 30% stake in Paytm, is the single largest shareholder in the fintech company.