The deal turns One97 Communications, which operates under Paytm brand name, into a majorly Indian-owned company from being majorly owned by Chinese entities.
The company said the new platform can handle 10 times more payments traffic compared to its older platform
The value of loans disbursed through Paytm grew by over four-fold on year-over-year (y-o-y) basis to Rs 6,292 crore in November from Rs 1,328 crore
Vijay Shekhar Sharma’s stake in Paytm, both direct and indirect, will increase to 19.42 per cent on the closing of this transaction whereas Antfin’s stake will reduce to 13.5 per cent
Its revenue from operations jumped about 42 per cent to Rs 2,062.2 crore during the quarter from Rs 1,456.1 crore in the year-ago period
Early investor in Paytm, Masayoshi Son-led SoftBank, last week offloaded 4.5 per cent stake in the company worth $20 million and sold shares in the price range of Rs 555-601
Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business
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The Vijay Shekhar Sharma-led Paytm stock has plunged a whopping 70 per cent from its IPO price of Rs 2,150 to Rs 651.95
Around 94.48 per cent of shareholders voted in favor of the remuneration for Sharma and 5.52 per cent opposed it
Speaking at the company's 22nd annual general meeting (AGM), he said till 2018-19, the company was in expansion mode and it entered into the monetisation mode...
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
Chaired by BJP leader and former Union Minister Jayant Sinha, the Committee has been investigating allegations of anti-competitive practices by leading tech...
Protesting hefty commissions on Google Play Store, countering this with a Paytm Mini App, escalating matters to MeitY, participating in a Parliamentary...
On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore
The proposal to set up a joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on May 20.
Sharma said that the estimates are well ahead of estimates by most analysts.
The startup had filed for an initial public offering 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
Annual inspections by the Reserve Bank of India found that the company’s servers were sharing information with China-based entities that indirectly own a...
Paytm Payments Bank termed the report "completely false, inaccurate and unverified," adding that it is fully compliant with RBI’s directions on data...
Shares of One97 Communications, the parent of financial technology firm Paytm, plunged as much as 13.25 per cent to hit record low of Rs 672
Vijay Shekhar Sharma was allegedly driving a Jaguar Land Rover that hit the car of DCP (South district)
The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI said in a release
Paytm Payments Bank will be eligible to apply for a small finance bank license by May-June
