Adani Paytm deal: Adani’s fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm’s parent co

Adani Group chairman, Gautam Adani, is considering purchasing a stake in Paytm’s parent company One97 Communications, reported The Times of India quoting sources familiar with the matter. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad to “finalise the contours of a deal” on Tuesday. If … Read more

Paytm: Paytm stock plunges 20% after downgrades by brokerages

Mumbai: Shares of One97 Communications, the parent of digital payments firm Paytm, plunged 20% Thursday – the lowest tradable limit of the day – even as analysts downgraded the stock after the Reserve Bank of India directed subsidiary Paytm Payments Bank to stop offering its key services after February 29. The stock closed at ₹608.80 … Read more