Ahead of it's mega IPO Paytm has undergone a big board reshuffle which as seen the exit of all Chinese nationals from the IPO bound digital merchant. All Chinese nationals representing key investor Ant Group have stepped down and have been replaced by US and Indian citizens.
Majority shareholder China based Ant Group will now be represented on the Paytm board by US citizen Douglas Feagin. Berkshire Hathaway representative Todd Anthony Combs, Saama Capital's Ashit Ranjit Lilani and SoftBank's Vikas Agnihotri join the digital payment board ahead of the IPO.
Paytm Board has called for an EGM on July 12 to decide on Rs 16,600 cr IPO.