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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/;))