Telecom tycoon Sunil Mittal seeking stake in Paytm
2 years, 1 month ago

Telecom tycoon Sunil Mittal seeking stake in Paytm

Live Mint  

Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant’s payments bank, according to people with knowledge of the matter. Mittal seeks to fold Airtel Payments Bank into Paytm Payments Bank in a stocks deal and is Shares of Paytm, formally known as One 97 Communications Ltd., have rebounded about 40% from its record low in November as it shows signs of turning profitable. Once India’s most valuable startup, Paytm has never traded above its IPO price of 2,150 rupees since its listing in November 2021 and had the worst first-year share plunge among large IPOs over the past decade. The company’s backers include Japan’s SoftBank Group Corp. and China’s Ant Group Co. Mittal’s six-year-old payments bank had 129 million customers and had turned profitable in the year to March 31, 2022, exchange filings show.

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History of this topic

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock
3 months, 1 week ago

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock

Live Mint  

Some stocks exhibit a remarkable ability to bounce back after long periods of downturns, showcasing their resilience and strength. After plunging to an all-time low in May, Paytm's stock staged a stunning rally, reaching a three-year high by December. Additional positive developments supporting the stock's rebound include the Ministry of Finance’s approval for foreign direct investment in its subsidiary PPSL …

Paytm shares hit 52-week high; up more than 3%
3 months, 3 weeks ago

Paytm shares hit 52-week high; up more than 3%

The Hindu  

Shares of One97 Communications, which owns the Paytm brand, on Monday jumped more than 3% on the bourses after the company approved the sale of stake in Softbank group's fintech firm PayPay Corporation. Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points As the company's shares touched a 52-week high, the market valuation of Paytm rose …

Paytm shares rise 3% to hit 52-week high. What's driving the rally?
3 months, 3 weeks ago

Paytm shares rise 3% to hit 52-week high. What's driving the rally?

India Today  

Shares of Paytm,, rose 3% in early trade on Monday to hit a 52-week high. The surge came after the company announced that its wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd, had sold its Stock Acquisition Rights in Japan-based PayPay Corporation to SoftBank Vision Fund 2. Paytm shares climbed 3.19% in early trade to reach Rs 1,007 on the Bombay …

Paytm’s Singapore arm approves stake sale in Japan’s PayPay
3 months, 3 weeks ago

Paytm’s Singapore arm approves stake sale in Japan’s PayPay

Live Mint  

Paytm's parent company, One97 Communications, on Friday, December 6, 2024, approved the sale of its stake in Japan’s credit card company PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm's Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company. "We wish to clarify that we have been informed by One97 Communications Singapore …

Paytm share price hits 52-week high today. What's driving the rally?
3 months, 3 weeks ago

Paytm share price hits 52-week high today. What's driving the rally?

India Today  

Shares of One 97 Communications Ltd, Paytm’s parent company, climbed over 3.5% to hit a fresh 52-week high on Friday. The stock jumped 3.60% to hit a 52-week high of Rs 990.90 on Friday. The rally followed media reports suggesting that Paytm may sell its stake in Japan's PayPay to SoftBank for $250 million. The company posted its first-ever quarterly …

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?
3 months, 4 weeks ago

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?

India Today  

Shares of One97 Communications Ltd, the parent company of Paytm, hit a 52-week high during Thursday’s trading session. The stock’s recovery began after it plummeted to an all-time low of Rs 310 in May following restrictions imposed by the Reserve Bank of India on Paytm Payments Bank Ltd. For the second quarter of FY25, Paytm posted a profit after tax …

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?
4 months, 1 week ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

Paytm said to get government nod to invest in payments arm: report
8 months, 3 weeks ago

Paytm said to get government nod to invest in payments arm: report

The Hindu  

India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal …

Paytm’s market share Continues to fall after RBI crackdown
9 months, 3 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Paytm hits 5% upper circuit for third consecutive session. Here's why
10 months ago

Paytm hits 5% upper circuit for third consecutive session. Here's why

Hindustan Times  

Paytm share price: Paytm parent One97 Communications shares hit a 5 per cent upper circuit today. This comes as a block deal involving 75.20 lakh shares, representing a 1.2 per cent stake in the company, took place on the exchanges. The block deal was worth a total of ₹296.30 crore and the average floor price of the transaction was also …

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day
10 months ago

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day

ABP News  

Shares of One97 Communications, Paytm's parent company, surged by 5 per cent on Thursday, reaching their upper circuit limit for the second consecutive session. Nevertheless, the stock surged by 4.99 per cent, hitting its upper circuit limit of Rs 377.40 on the NSE and Rs 377.50 on the BSE. As of the end of March, Paytm founder Vijay Shekhar Sharma …

Paytm, Adani Group deny talks over stake sale in fintech firm
10 months ago

Paytm, Adani Group deny talks over stake sale in fintech firm

New Indian Express  

NEW DELHI: Paytm on Wednesday refuted reports stating that Adani Group chairman Gautam Adani is considering acquiring a stake in parent company One 97 Communications. Separately, an Adani group spokesperson said that they categorically deny this baseless speculation and added that “It is totally false and untrue.” Earlier, a media report stated that Asia’s second richest billionaire Gautam Adani is …

Paytm jumps 5% as digital payments app survives banking unit shutdown
1 year ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
1 year ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?
1 year ago

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?

Hindustan Times  

Paytm share price: Shares of Paytm's parent company One97 Communications Ltd tanked 5 per cent, third lower circuit in as three days. This would allow customers to continue using the Paytm app for payments through unified payment interface and would help the company as Paytm Payments Bank ceases operations by March 15. Economic Times reported that four banks- Axis Bank, …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
1 year, 1 month ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
1 year, 1 month ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Paytm shares rebound after losing 50% in a month. What's next?
1 year, 1 month ago

Paytm shares rebound after losing 50% in a month. What's next?

India Today  

Shares of digital payments firm Paytm have been on a winning run for the past four trading sessions, rising nearly 21 per cent after declining sharply over the past month. Paytm shares are down nearly 50 per cent in a month, following the Reserve Bank of India’s regulatory action against its associate, Paytm Payments Bank. In addition, the RBI’s recently …

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
1 year, 1 month ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

Paytm shares crash after case against payments bank. More trouble ahead?
1 year, 1 month ago

Paytm shares crash after case against payments bank. More trouble ahead?

India Today  

Shares of One97 Communications Limited, the parent firm of digital payments firm Paytm, nosedived 10 per cent to hit a lower circuit for the second consecutive day. While Paytm shares had rebounded slightly to settle above the day’s low earlier, the reports of the fresh ED probe against its associate payments bank seems to have rattled investors. The biggest dip …

Explained: Why Paytm shares fell 8.5% to hit record low today
1 year, 1 month ago

Explained: Why Paytm shares fell 8.5% to hit record low today

India Today  

Shares of One97 Communications Limited, the parent company of digital payments firm Paytm, dipped sharply in early trade to hit a record low on Tuesday. Paytm shares fell 8.5 per cent to Rs 386.25 apiece in early trade, but recovered marginally to trade at Rs 395.85 at around 9:57 am. The embattled digital payments firm’s shares have been under pressure …

Paytm Shares Decline Nearly 9 Per Cent Again
1 year, 1 month ago

Paytm Shares Decline Nearly 9 Per Cent Again

ABP News  

The shares of One97 Communications Ltd, the parent firm behind the Paytm brand, witnessed another sharp decline of nearly 9 per cent on Friday, marking another tumultuous day for investors. Similarly, on the National Stock Exchange, shares of One97 Communications Ltd dropped 8.20 per cent to Rs 410. This downturn follows a 10 per cent decrease in the company's stock …

Paytm shares resume fall for the second consecutive day
1 year, 1 month ago

Paytm shares resume fall for the second consecutive day

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns the Paytm brand, tanked over 15 per cent in two days as investors again turned to dump the stock. Extending its previous day's decline, the stock tanked 6.09 per cent to settle at Rs 419. One97 Communications stock price had climbed 10 per cent on Wednesday and rebounded over 3 per …

Paytm shares tank nearly 9 per cent; fall for 2nd day
1 year, 1 month ago

Paytm shares tank nearly 9 per cent; fall for 2nd day

New Indian Express  

Shares of One97 Communications Ltd, which owns the Paytm brand, tanked nearly 9 per cent on Friday as investors continued to dump the stock. Shares of One97 Communications Ltd fell 10 per cent to hit lower circuit limit on Thursday, after a two-day rally in the stock fizzled out. One97 Communications stock price had climbed 10 per cent on Wednesday …

Paytm share price hits 10% lower circuit after a two-day recovery
1 year, 1 month ago

Paytm share price hits 10% lower circuit after a two-day recovery

Live Mint  

The stock price of One97 Communications, the parent company of Paytm, experienced a significant drop in today's trading session after recovering slightly from heavy losses in the past two trading days. Despite Sharma's efforts, reports suggest that the central bank declined to offer any concessions to Paytm Payments Bank, such as allowing the migration of accounts to other banks or …

Paytm shares climb for 2nd day; jump 10%
1 year, 1 month ago

Paytm shares climb for 2nd day; jump 10%

The Hindu  

Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday, February 7 morning, continuing its recovery journey. Earlier, Vijay Shekhar Sharma, founder and CEO of One97 Communications, met Finance Minister Nirmala Sitharaman in the presence of top Department of Financial Services officials, amid the crisis engulfing Paytm Payment Bank’s operation He was told in no …

Paytm shares climb for 2nd day; jump 10 pc
1 year, 1 month ago

Paytm shares climb for 2nd day; jump 10 pc

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday morning, continuing its recovery journey. The stock of One97 Communications Ltd rebounded by over 3 per cent on Tuesday after three days of sharp fall. From February 1-5, the company's stock tumbled over 42 per cent, wiping out Rs 20,471.25 crore from its …

Paytm Shares Rebound After Three Days Of Massive Fall, Soar 7 Per Cent
1 year, 1 month ago

Paytm Shares Rebound After Three Days Of Massive Fall, Soar 7 Per Cent

ABP News  

In a positive turn of events, shares of One97 Communications Ltd, the parent firm of the Paytm brand, rebounded this Tuesday morning following three consecutive days of massive decline. Over the past three days, Paytm had witnessed a sharp decline of over 42 per cent, resulting in a market valuation loss of Rs 20,471.25 crore, primarily triggered by regulatory actions …

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
1 year, 1 month ago

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs

India TV News  

Shares of One97 Communications Ltd, the parent company of the Paytm brand, rebounded on Tuesday morning after experiencing three consecutive days of sharp declines. Over the past three days, the stock plummeted by over 42 per cent, resulting in a loss of Rs 20,471.25 crore in market valuation, following regulatory actions from the Reserve Bank of India. The RBI's recent …

Paytm shares bounce back after nearly halving in price in three days
1 year, 1 month ago

Paytm shares bounce back after nearly halving in price in three days

New Indian Express  

After falling continuously for three days, shares of payments platform Paytm bounced back on Tuesday, ending up 3.3%, compared to 10-20% declines seen over the last several days. The stock had corrected by around 43% since Reserve Bank of India imposed crippling restrictions on Paytm Payments Bank – the company’s in-house provider of back-end banking services. The most pain is …

Paytm crisis: No ED investigation either against company or CEO, company asserts
1 year, 1 month ago

Paytm crisis: No ED investigation either against company or CEO, company asserts

Hindustan Times  

The Enforcement Directorate is neither investigating owner of Paytm brand- One97 Communications- nor its founder and CEO Vijay Shekhar Sharma for money laundering, the company said. We have and continue to abide by Indian laws and take regulatory orders with utmost seriousness.” This comes following a recent RBI order that barred Paytm Payments Bank Ltd from taking any further deposits, …

Paytm shares tank another 20%; hit fresh lower circuit limit
1 year, 2 months ago

Paytm shares tank another 20%; hit fresh lower circuit limit

The Hindu  

Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20% on February 2, as the RBI has directed Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Fintech firm Paytm sees an impact of ₹300-500 crore on its annual operational profit, as its customers will …

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487
1 year, 2 months ago

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487

Firstpost  

After seeing its shares fall by 20 per cent on Thursday, the day, after the Reserve Bank of India took decisive action against Paytm Payments Bank and prohibited them from offering its core services, including accounts and wallets, effective from March, shares of the troubled fintech company, dropped by another 20 per cent. Additionally, the central bank instructed the termination …

RBI bars Paytm Payments Bank from accepting deposits after Feb 29
1 year, 2 months ago

RBI bars Paytm Payments Bank from accepting deposits after Feb 29

Hindustan Times  

The Reserve Bank of India on Wednesday barred Paytm Payments Bank from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action,” …

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets
1 year, 3 months ago

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets

India TV News  

Paytm, one of the leading mobile payments and financial services distribution companies of India said that it will expand its credit distribution business. With the widespread acceptance of loan distribution and strong portfolio performance, Paytm witnessed encouraging early trends when the company started working in this direction last quarter. The spokesperson of Paytm said, "As the lending distribution business is …

Paytm shares rise over 3% on strong July business update
1 year, 7 months ago

Paytm shares rise over 3% on strong July business update

Live Mint  

Paytm share price rallied over 3% on Friday after the fintech giant reported strong operating performance for the month of July. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. The loan distribution business of the fintech firm continues to gain scale …

Paytm wins banking regulator extension for payment aggregator license: Report
2 years ago

Paytm wins banking regulator extension for payment aggregator license: Report

Hindustan Times  

Indian financial technology company Paytm Payments Services Ltd has received an extension from the country's banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Read here: UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible with UPI LITE Paytm …

Paytm block deal: SoftBank, Ant discuss to sell stake, says report
2 years, 1 month ago

Paytm block deal: SoftBank, Ant discuss to sell stake, says report

Live Mint  

Japan's SoftBank Group Corp and billionaire Jack Ma-backed Ant Group have discussed selling stake in digital financial services firm One97 Commuications, which operates under the Paytm brand, through a block deal, Reuters quoted a report on Monday. Shareholders and investment banks representing the Ant Group and Softbank had earlier approached telecommunications tycoon and Bharti Airtel founder-chairman Sunil Mittal with an …

China’s Ant Group plans to sell some of its stake in Paytm
2 years, 1 month ago

China’s Ant Group plans to sell some of its stake in Paytm

Live Mint  

Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people familiar with the matter. The deliberations follow Ant affiliate Alibaba Group Holding Ltd.’s sale of its stake in Paytm, as the e-commerce giant pared back investments in India amid growing …

Paytm Stock Falls 8% Amid Large Block Deals; Key Details Investors Should Know
2 years, 1 month ago

Paytm Stock Falls 8% Amid Large Block Deals; Key Details Investors Should Know

News 18  

Shares of Paytm parent One 97 Communications slumped more than 8% to Rs 653.5 in Friday’s trade on BSE amid reports of a large block deal, reported CNBC-TV18. Earlier this week, the fintech firm posted its first-ever quarterly operating profit three quarters ahead of its guidance and the company’s losses also narrowed during the third quarter of the current fiscal. …

Paytm shares tank on buzz of block deal
2 years, 1 month ago

Paytm shares tank on buzz of block deal

Live Mint  

Shares of One 97 Communications Ltd tanked more than 8% to ₹649 apiece on the BSE in Friday's deals on buzz of large block deals. 2.1 crore shares of Paytm have changed hands through block deal on Friday and a report by ANI suggested that Chinese multinational Alibaba has sold its entire stake in Paytm in today's block deal. Paytm …

Paytm expects to sustain operational profit performance, completes Rs 796 cr share buyback
2 years, 1 month ago

Paytm expects to sustain operational profit performance, completes Rs 796 cr share buyback

India TV News  

Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA, an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022. The company has calculated an incentive of Rs …

Paytm shares nosedive 6% on Alibaba block deal, but there’s a catch
2 years, 2 months ago

Paytm shares nosedive 6% on Alibaba block deal, but there’s a catch

Live Mint  

Indian digital payments and financial services company, Paytm shares nosedived by nearly 9% on Thursday after a block deal that is supposed to be carried by Chinese group Alibaba. Sources close to the development told Mint that "there was a big movement in Paytm’s stock today as a block deal took place where 2,59,930 shares were sold at ₹535.90 worth …

Paytm Shares Decline 2% in Morning Trade; Know Details
2 years, 4 months ago

Paytm Shares Decline 2% in Morning Trade; Know Details

News 18  

Shares of One97 Communications, Paytm’s parent firm, on Friday, declined over 2 per cent in morning trade after SoftBank divested 4.5 per cent stake in the firm for Rs 1,631 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange on Thursday, SVF India Holdings Ltd sold a total of 2,93,50,000 shares, amounting …

Softbank to sell Paytm stake worth $200 mn via block deal
2 years, 4 months ago

Softbank to sell Paytm stake worth $200 mn via block deal

Live Mint  

Japan’s SoftBank will sell a third of its stake in One97 Communications Ltd, the owner of the Paytm payments app, through a $200 million block deal, according to deal terms reviewed by Mint. Paytm started trading on the bourses on 15 November 2021 after raising ₹18,300 crore in an initial share sale, the second biggest IPO so far in India. …

Paytm Shifting Focus From Growth To Profitability, Taking Steps To Woo Investors: Sharma
2 years, 8 months ago

Paytm Shifting Focus From Growth To Profitability, Taking Steps To Woo Investors: Sharma

News 18  

Paytm is set to become India’s first internet company to hit $1 billion in annual revenue by March 2023, and the company is also shifting its focus from growth to profitability, according to a Bloomberg report quoting the digital payments firm’s founder and CEO Vijay Shekhar Sharma. Meanwhile, bullish on the company’s strong performance in Q1 FY23, equity research firm …

Paytm Shares Hit Record Low, Plunge 12% To Trade At Rs 685
3 years ago

Paytm Shares Hit Record Low, Plunge 12% To Trade At Rs 685

ABP News  

New Delhi: The share price of One 97 Communications, the parent company of Paytm, plunged to an all-time low to Rs 685 per share on Monday. This comes after the central bank under Section 35A of the Banking Regulation Act, 1949, barred Paytm Payments Bank from acquiring new customers and directed the bank to appoint an IT audit firm to …

Paytm September quarter net loss widens
3 years, 4 months ago

Paytm September quarter net loss widens

The Hindu  

India's One 97 Communications Ltd., the parent of fintech firm Paytm, said on November 27 its net loss for the three months through September widened by 8.4% as expenses rose. Paytm, reporting its earnings publicly for the first time since listing this month, reported a consolidated net loss of 4.74 billion rupees compared with 4.37 billion rupees in the same …

Paytm’s Poor Run On Dalal Street Continues, Shares Tank 13%
3 years, 4 months ago

Paytm’s Poor Run On Dalal Street Continues, Shares Tank 13%

ABP News  

New Delhi: Shares of Paytm, listed as One 97 Communications, plunged 13.03 per cent after the day’s trade on the BSE on Monday. The digital payments company made its worst markets debut on Thursday as its shares fell around 27 per cent after the country’s largest-ever initial public offering. The market cap of the Ant Group-backed company, which remained above …

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