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BlackRock, Canada Pension bought more Paytm stock after weak market debut – Business Standard

BlackRock Inc.

Paytm’s early tumble ranked among the worst debuts by a major technology company since the dot-com bubble era of the late 1990s.

and Masayoshi Son’s SoftBank Group Corp., some analysts have questioned the company’s valuation and path to profitability.

The $2.5 billion offering by Paytm, formally known as One 97 Communications Ltd., was arranged by banks including Morgan Stanley, Goldman Sachs Group Inc., Axis Capital, ICICI Securities, JPMorgan Chase & Co., Citigroup Inc.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.

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