BENGALURU - SoftBank-backed Indian digital payments startup Paytm's parent is set to allot about 2.6 million shares to investors, according to a latest filing by the company.

According to the filing, the amount raised is 47.24 billion rupees ($658.21 million).

A source familiar with the matter said the allotment by One 97 Communications Ltd was part of last month's $1 billion fundraise, which valued Paytm at $16 billion. 

Alibaba's Alipay, SoftBank's SVF Panther (Cayman) and funds managed by T Rowe Price were among the investors, financial data accessed by business intelligence platform Tofler dated Dec. 12 showed.

Paytm did not respond to a request for a comment.

($1 = 71.7700 Indian rupees)

(Reporting by Derek Francis in Bengaluru; Editing by Bernard Orr) ((derek.francis@thomsonreuters.com; +91-9986311363; Tweet to @derekfrancis089 LinkedIn: https://www.linkedin.com/in/derek-francis/;))