Paytm to raise about Rs 8,250 crore from anchor investors
Global technology funds and big names like Blackrock, Canada Pension Plan Investment Board (CPPIB) and GIC are set to participate in Paytm’s anchor round, ahead of its stock market debut, sources in the know said.
The company’s anchor round, at $1.1 billion (about Rs 8,250 crore), will be the largest India has ever seen, said one of the people in the know. The anchor round will close on November 3.
Anchor investors or cornerstone investors (as they are called globally) are marquee institutional investors like sovereign wealth funds, mutual funds and pension funds. They are invited to subscribe to shares ahead of the IPO to provide confidence to potential investors.