Paytm makes offer for sale ahead of planned IPO; AGM on June 30

The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan

In an internal email to employees on Monday, IPO-bound digital payments firm Paytm has asked if they would like to sell their shares.

In the communication, Paytm has explained it will be filing its Draft Red Herring Prospectus with the Securities and Exchange Board of India (Sebi) soon, and told shareholders, "You may, in your sole discretion, participate in the Offer by offering either all or a part of the Equity Shares held by you (which are eligible to be offered in the Offer) in the Offer for Sale. We wish to inform you that the Offer for Sale component