One +ve thing is that the biggest investor is ready to let go of their voting rights in order to maintain their shareholding + They trust VSS + VSS in way giving them floor as OCD price is fixed so if they do not convert - VSS need to pay them in full and if Paytm stock price does well, they convert into equity and take full upside. This means VSS is confident about company (may be far fetched?).
and also this could be in relation to PA license for which it has application with government (due to it’s shareholding) so this changes might have inspired from their.
About auditor changes - I think it is good as parent company auditor can’t write that they have not audited company and relied on supplied information by management and other auditors.
Thanks!
Disc. Invested.
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