CFO Madhur Deora has been re-appointed till May 19, 2027; Paytm forms joint venture general insurance firm, to invest Rs 950 crore in 10 years
One97 Communication, the parent company of Paytm reported a loss of Rs. 780 in March quarter
Paytm E-commerce have bought back the entire stake of Alibaba, which held 28.34 per cent, and Antfin (Netherlands) Holding, which held 14.98 per cent stake, a total of 43.32 per cent, for Rs 42 crore.
The agreement was terminated by Paytm Insuretech as the share sale and purchase transaction was not consummated within the time period envisaged by the parties under the agreement
Alibaba and Ant Group exit Paytm Mall
Offline payments business accelerated as total number of devices deployed jumped to 3.2 million, with 0.3 million devices deployed in April
Foreign portfolio investors' (FPIs) holding in Paytm has declined by 4.94 percentage points to 4.42 per cent in March 2022 quarter.
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.
Paytm's app also offers access to public health services and Covid vaccines & booster registration, online medicine orders, doctor consultation, lab test booking and health insurance
'We should be operating Ebitda-break-even in the next six quarters, well ahead of estimates by most analysts,' Vijay Shekhar Sharma wrote
Paytm shares declined due to volatile market conditions, says Vijay Shekhar Sharma
While 72% of all votes polled were favoured the resolution, almost 67% votes on account of public institutional investors were against
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore
In September 2018, Buffet's investment arm - BH International Holdings - invested $300 million, or Rs 2,179 crore, for 2.6 per cent stake in PayTM, which had valued the start-up at $10 billion then.
The stock hit a new low of Rs 536.20, fallen 5% from its intra-day high of Rs 562 on the BSE.
Off late, the stock has been under pressure following RBI's ban on Paytm Payments Bank (PPBL) from onboarding new customers.
Stock slips 12.3% on Tuesday to end at a new low of Rs 592, as RBI ban on Paytm Payments Bank from onboarding new customers last Friday weighs
This is part of the global strategy of Softbank globally to not be on boards of listed firms