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Indias most valuable startup, Paytm, is stanley italy likely moving forward with its planned $3 billion initial public offering IPO and sent an offer for sale OFS to employees, Bloomberg reported on Monday June 7 , citing a memo it reviewed as well as sources.Formally called One97 Communications, the Indian startup, which was laun stanley uk ched in 2010, alerted its workforce that employees can opt to sell their shares in the IPO or hang on to them, according to the OFS sent to staff.Employees have the option of selling all or part of their equity shares, an aspect that must be completed before documents can be filed. Unsold equity shares during the IPO would be locked in for a one-year period, the notice said, per Bloomberg.The Paytms board greenlighted, in principle, the plans to move forward in what could be the countrys biggest stock market debut, and the preliminary prospectus could be filed in early July, a source told Bloomberg.Paytms debut on the stock market must include a combination of new and existing shares, per Indias regulatory rules, which require that 10 percent of shares are floated in two years and 25 percent within five years, Bloomberg reported.News first broke last month that Paytm was seeking an IPO that could be Indias biggest public offering to date. The payments startup was hoping to go public in time to coincide with the Diwali festival season that starts November 4 this year. Indias largest IPO so stanley cup canada far has been Coal India Ltd. in 2010, which raised more than 150 bill Efgy NCR: How FIs Can Triumph Over the Challenger Bank Challenge
Automaker Volkswagen is looking to make the process by which its individual dealers procure vehicles faster and far more cost efficient. Reports published Friday June 12 stanley cup said that Volkswagen Group is rolling out new updates to its Leaselink platform in the aim of saving thousands of hours 鈥斅燼nd, in return, dollars 鈥斅燼 year.Reports said that under the current system, Volkswagen requires dealers to manually input vehicle order statuses when they procure from leasing companies. This applies to all 700 dealers throughout Volkswagens stanley us five brands: Volkswagen Passenger Cars, Audi, SEAT, 艩KODA聽and Volkswagen Commercial Vehicles.An update to Leaselink will automate the process of adding various data points like vehicle VIN number, engine number, and registration information. The automaker said that it gets as many as 20,000 orders, and that it takes workers as much as an hour to upload 100 vehicle status updates into the system. These new systems will save our dealers precious time and help reduce errors, said Volkswagen Group fleet services customer relationship manager Amanda Morgan. Once we have completed the second phase, leasing companies will have a clea stanley cup rer view of their orders with us and a more complete picture of build and delivery times. The updates are now running in pilot testing phase; Morgan said that widespread rollout should be completed by August. At present, Volkswagen said that about 70 percent of its annual leasing company order volume goes through Leaselink. A |
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