 "Paytm")
Capital markets regulator Securities and Exchange Board of India (Sebi) is examining if Paytm shareholders Ant group and Alibaba—Hangzhou-headquartered Chinese conglomerates--are in compliance with listing regulations. Ahead of Paytm’s public debut, Sebi is looking at whether the two investors must be treated as separate companies or a combined entity. This is part its due diligence process.
Ant Group, with around 30 per cent stake in Paytm, is the single largest shareholder in the fintech company headed for an initial public offer (IPO). Ant and Alibaba together hold about 37 per cent in Paytm. Ant is an affiliate of the Alibaba group
