Crisis-hit Paytm shares fall 9% amid report to acquire ONDC startup Bitsila
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.
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.
Founder and CEO Vijay Shekhar Sharma expects Paytm to become a free cash flow generating company in the next 12-18 months
Shares of Paytm’s parent company, One97 Communications, declined as much as 13.26% to touch a fresh low of ₹672.10 in the opening deals on the BSE.