Institutional Investor Advisory Services in the report said that Sharma should formally signal that he remains in control and give investors the comfort that he is the promoter and not someone who is "sitting in the shadows"
This move enables the company to create a long-term sustainable business in partnership with ONDC
Earlier this month, Macquarie reduced the target price of stocks of One97 Communications Limited, Paytm's parent company by 36 per cent from Rs 700 to Rs 450.
Paytm's consolidated revenue from operations increased by about 76 per cent to Rs 1,914 crore during the reported quarter from Rs 1,086.4 crore in the September 2021 quarter
Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely bullish about its potential
The remarks come amid a steep decline in Paytm's shares, which are now trading 75 per cent lower than the price at which investors bought them at the initial public offering
Despite the jump in revenue its loss widened in June quarter to Rs 645 crore from Rs 382 crore during the same period last year
Varma’s exit from Paytm comes after the Reserve Bank of India (RBI) last week banned Paytm Payments Bank from adding new customers
Paytm parent One97 Communications has turned out to be the worst performing initial public offering (IPO) launched in the recent past. The stock has eroded...
Paytm Payments Bank termed the report "completely false, inaccurate and unverified," adding that it is fully compliant with RBI’s directions on data...
Vijay Shekhar Sharma was allegedly driving a Jaguar Land Rover that hit the car of DCP (South district)
Paytm Payments Bank will be eligible to apply for a small finance bank license by May-June
The consolidated revenue from operations of Paytm, however, increased by about 88 per cent to Rs 1,456.1 crore during the reported quarter