T Rowe hikes Paytm’s valuation to take its enterprise value to $16 Bn
Shortpedia
Content Team
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US-based mutual fund T Rowe has raised Vijay Shekhar Sharma’s Paytm‘s valuation by about 35% to $255 per share, totaling its valuation to $16 Bn. T Rowe Price Communications and Technology Fund has valued its investment in One97 Communications at $82,16,610 for 32,222 shares, according to a Securities and Exchange Commission (SEC) filing of the company. The value of each Paytm share was $255 as of September 30 this year.
