India's Paytm gets regulator approval for IPO -source


FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

NEW DELHI (Reuters) - Ant Group-backed Indian fintech firm Paytm has received approval from the country's capital market regulator's for its $2.2 billion initial public offering (IPO), a source directly aware of the matter told Reuters on Friday.

Paytm's IPO, likely to be India's largest ever, was expected around the end of October, Reuters previously reported.

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