Paytm raises over Rs 8,000 crore from anchor investors

Paytm has raised Rs 8,235 crore from anchor investors as part of its initial public offering of Rs 18,300 crore. Top sovereign wealth funds and financial investors such as Singapore’s GIC, Canada’s CPPIB, BlackRock, Alkeon Capital, Abu Dhabi Investment Authority are among those to have picked up stake in the fintech major’s parent One97 Communications’ anchor slot.

Fidelity, Standard Life Aberdeen, UBS and US hedge fund Janus Henderson, which recently invested in PharmEasy and made an anchor investment in Nykaa, have also picked up shares. Aditya Birla Mutual Fund and other domestic mutual funds are also among the 122 funds who put bids in this round which was oversubscribed by around 10 times, people aware of the matter said.