Paytm shares settle marginally lower after hitting upper circuit limit in intra-day trade

Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. On the NSE, shares of the company rallied 4.99 per cent to reach the highest trading permissible limit for the day at Rs 449.50 despite a weak beginning. In a release on Monday, One97 Communications informed that its associate entity PPBL has reconstituted its Board of Directors with the appointment of former chairman of Central Bank of India Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and former IAS officer Rajni Sekhri Sibal.