Why buyback plan failed to soothe Paytm investors' nerves
Investors remained skeptical about buyback size and route through which the company intended to repurchase shares.
Investors remained skeptical about buyback size and route through which the company intended to repurchase shares.
Paytm has erased nearly 80% of investors' wealth since its listing on November 18 last year, which is the steepest fall among large IPOs over the past decade.
The Vijay Shekhar Sharma-led company's market capitalisation has fallen to ₹31,300 crore.