India's Paytm said to raise $1.1b from GIC, BlackRock, others as part of IPO

India's Paytm said to raise $1.1b from GIC, BlackRock, others as part of IPO

Photo: Priyanka Parashar/Mint

One97 Communications Ltd., the parent brand of Paytm, is expected to raise $1.1 billion from anchor investors as a part of its $2.4 billion initial public offering, according to three individuals aware of the discussion.