Fintech major Razorpay shortlisted 4 investment banks as advisors for its proposed over $700 million (₹6,346.2 crore) IPO, Moneycontrol reported. Razorpay has picked Axis Capital, Kotak Mahindra Capital, JP Morgan and Citi. The IPO is likely to be a combination of primary and secondary issues of shares and more investment banks could be added to the syndicate if required.
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