A day after BSE sought clarification from Paytm on the “significant movement” in its share price, the company said in a filing that it has no information which could have a bearing on the price that it hasn’t disclosed to the stock exchanges. It also said its business fundamentals remain robust. Nonetheless, the stock hit…Continue Reading
Share price of Paytm`s parent company, One 97 Communications Ltd, slumped by around 13 per cent to hit an all-time low on Monday after the Reserve Bank of India (RBI) barred Paytm Payments Bank from onboarding new customers. At the BSE, One 97 Communications Ltd share closed 12.84 per cent down at Rs 675.35. The…Continue Reading
Paytm CEO Vijay Shekhar Sharma was arrested by the Delhi Police for allegedly ramming into a senior police official`s car in February and later was released on bail, a senior official confirmed the incident on Sunday. Delhi Police Spokesperson Suman Nalwa told IANS that the incident took place on February 22 in south Delhi’s Malviya Nagar…Continue Reading
After dropping to a low of Rs 1,298 apiece, the stock finished at Rs 1,380, its lowest level since November 22, the second day of listing Topics Paytm | Anchor investors | One97 Communications Samie Modak | Mumbai Last Updated at December 15, 2021 22:45 IST Shares of One97 Communications, the parent of Paytm, declined nearly 8 per cent…Continue Reading
Paytm is one of India’s most recognisable brands especially in post-demonetisation era. The payments platform has seen explosive growth in years after demonetisation. And this is the reason performance of its IPO, biggest ever in India, had everyone’s eyed glued to the stock market. But the IPO hit headlines, not as much for the money it…Continue Reading
Paytm, backed by SoftBank, Berkshire Hathaway, and Jack Ma’s Ant Group, plans to raise as much as $2.2 billion from its share sale, according to its draft prospectus Topics Paytm | IPO Fintech giant Paytm, which is headed for an initial public offering (IPO) at a valuation of $20-22 billion, is considering not going ahead with a…Continue Reading