Zomato shares rise on confirmation of ongoing deal with Paytm: One97 stock slides 3%
Shares of Zomato rose up to 1.5%, while shares of One 97 Communications Ltd, the parent of Paytm, fell nearly 3%, paring opening gains.
Shares of Zomato rose up to 1.5%, while shares of One 97 Communications Ltd, the parent of Paytm, fell nearly 3%, paring opening gains.
Paytm calls reports of Adani Group chairman Gautam Adani looking to buy a stake in the digital payments firm 'speculative'
Shares of the Paytm parent One 97 Communications tank 5% to hit a record low of ₹317.45.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
The measures will minimise concentration risk in the UPI system by having multiple payment app providers, says RBI.
The fintech stock has lost 53% since January 31, 2023, while its market cap has fallen over ₹25,500 crore in the last 13 sessions.
On Thursday, Paytm parent One 97 Communications fell another 5% after hitting 10% lower circuit in the past two sessions.
Shares of the Vijay Shekhar Sharma-led One 97 Communications hit a record low of ₹342.15 apiece in intraday trade.
Former SEBI chairman M Damodaran-led panel will work with the Paytm Board in further strengthening compliance and regulatory matters
The fintech major is reportedly in advanced stages of talks with e-commerce startup Bitsila and the deal is likely to close in the coming week.