Paytm stock experienced a notable resurgence, witnessing a significant surge of 9% amidst a substantial transaction totaling Rs 103 crore. The Rise of Paytm Stock In the early trading hours, Paytm observed a considerable deal, with approximately 21 lakh shares, equivalent to 0.3 percent equity, amounting to Rs 103 crore, being exchanged. While the identities…
In a surprising turn of events on January 31, the Reserve Bank of India (RBI) dealt a severe blow to Paytm Payments Bank, imposing an unprecedented ban on all banking activities after February 29. Unlike previous actions, this move lacked any potential for redemption, raising questions about the gravity of the regulatory concerns that led…
In a recent development, SoftBank has divested an additional 2 percent stake in One97 Communications Ltd, the parent company of Paytm, through open market operations. This move, which took place over the past month, has generated approximately $300 million for SoftBank. SoftBank’s Stake Sale Impacts Paytm’s Share Price The share price of One97 Communications Ltd…
