One97 Communications, the parent company of digital payments platform Paytm, filed its draft red herring prospectus (DRHP) with market watchdog SEBI on Friday. The Softbank-backed company is looking to raise Rs 16,600 crore via its primary float. The company will issue fresh shares worth Rs 8,300 crore with a face value of Re 1 each, whereas the existing shareholders will offload their stake worth another Rs 8,300 crore.
