News From Press Paytm founder Vijay Shekhar Sharma to invest in insurance biz from IPO proceeds

Paytm founder Vijay Shekhar Sharma to invest in insurance biz from IPO proceeds

Oct 29, 2021

Paytm founder Vijay Shekhar Sharma, who will be selling ₹402.65 crore worth of shares in Paytm’s offer for sale (OFS), is likely to plough back a significant portion of the proceeds into the company’s general insurance arm Paytm Insurtech (PIT), a senior company executive told Mint on Thursday.

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