PayU Boosts Board In Run-Up To IPO

Payu strengthens board pre-IPO - Payments firm PayU is bolstering its board of directors with new appointments as it prepares for an initial public offering (IPO) on the Indian bourses. The company has brought on former RBI deputy governor Subhash Mundra and Manoj Kumar Agarwal as non-executive independent directors, and Ashutosh Sharma from Prosus Ventures as a non-executive non-independent director. These appointments aim to strengthen the company's governance and compliance standards, especially following its recent final authorization from the Reserve Bank of India to operate as a payment aggregator.