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The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
The guidance sets out procedures for identifying reportable users, determining account ownership in different cases, and addressing reporting obligations for cross-border transactions.
Shareholders participating in the sale include State Bank of India, Canada Pension Plan Investment Board (CPPIB), MS Strategic (Mauritius) Limited, Aranda Investments (Mauritius) Pte Ltd and Bank of Baroda, among others.
The Bengaluru-based startup will use the fresh capital to scale its operations over the next 12 months and expand geographically, among others.
The company said the assistant enables faster verification, improved lead qualification, and significantly reduces drop-offs.
The regulator said entities such as Infinite Beacon, IB Prop Desk and Sispay TFS raised funds while presenting themselves as being associated with the SEBI-registered broker.
The IPO comprises of fresh issue of equity shares of up to Rs 660.7 crore, and an offer for sale (OFS) of up to 28.6 million equity shares by shareholders.
The planned share sale will involve issuing new equity worth up to Rs 1,000 crore while allowing early backers to divest roughly 8.8 million existing shares.
The country has proven its ability to build and scale payment infrastructure at record speed. The bigger test now is whether it can replicate that success in security...
The public issue comprises a fresh share issuance worth Rs 1,020 crore and an offer for sale (OFS) of around Rs 5,000 crore by existing shareholders.
Pine Labs, which competes which other fintech companies such as Paytm, Walmart's PhonePe and Razorpay, had filed draft papers for its IPO in June.
About 27 organisations, including NPCI, Cred, Axis Bank, HDFC Bank, SBI Cards, Google, and Zeta have joined as members of the 2025-26 board.
The payment aggregator has Subhash Mundra, former Deputy Governor of the Reserve Bank of India as its board member.
A decade-old debate ends with government formalizing oversight of payments through Payments Regulatory Board, redefining roles across RBI, NPCI and fintech.
He will succeed Madhabi Puri Buch, whose tenure as SEBI chief ends on February 28, 2025.
