ONE97 IPO-Bound communication that owns and operates online paytm payment company has been called an extraordinary general meeting (EGM) on July 12 to find shareholders nod to collect RS 12,000 crore from new shares.
Stakeholders will also decide whether the founder and chief executive Vijay Shekhar Sharma can be declassified as a promoter.
“Declassification will relieve Vijay Shehar Sharma from the obligation related to the promoter
The founder currently holds 9,051,624 company equity shares of 14.61% of the total shares of the company’s deposited equity equity.
Notifications issued on June 18 have also searched for shareholder approval for pre-IPO placement.
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