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India’s Paytm in Talks With ADIA, BlackRock for IPO Stakes

  • Payments firm also draws GIC, Nomura to anchor investor talks
  • Paytm could be valued at about $20 billion to $22 billion

India’s Paytm is in talks with sovereign wealth funds and financial firms to become anchor investors in its upcoming initial public offering, according to people familiar with the matter. 

State-backed wealth investors Abu Dhabi Investment Authority and Singapore’s GIC Pte are among those weighing bidding to participate in the IPO, the people said, asking not to be identified as the information is private.