The company has also decided to form a specialized team to expand its export business.
The development comes on the back of the Indian government’s announcement of a Rs 41,000 crore production-linked incentive (PLI) scheme.
These limitations were put in place by the Reserve Bank of India in October to control currency volatility.
Between December 12 and 14, the company will be offering its shares for sale at a price between Rs 340 and Rs 357 per share, in lots of 42 equity shares.
Given its net worth of Rs13,564 crore, Paytm's maximum tender buyback can be Rs3,391 crore.
On the sectoral front, IT index outperforming by rising over 270 points with PSU Bank index surging over 2.6%.
On April 29, this year, BAIN Capital USA invested Rs 1,330 crore in the company's NCDs.
The inaugural Finance & Central Bank Deputies Meeting during India's G20 Presidency, with over 180 representatives from around the world, will begin in Bengaluru on Tuesday
Dalmia Cement (Bharat) Limited (unlisted) is a wholly-owned subsidiary of Dalmia Bharat Limited.
The 180—210 day period covered by the 100 basis point increase has a revised rate of 5.5% per year as opposed to the prior rate of 4.5 % per year
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