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Paytm, once Indian startup royalty, is getting the brunt of it. ... Shares in One97 are down over 70% since its debut. ... or $60.4 million at current exchange rates. Paytm generated $55 million ...
However, that is still below Paytm's current price of about 727 rupees. And despite the near 6% jump on the day, the stock is still down about 4.5% since the RBI clampdown on Jan. 31.
Paytm shares climbed as high as 496.25 rupees but remained far below their level before Jan. 31, when the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop accepting new deposits in ...
The shares began trading on 18 November 2021, opening at ₹ 1,950 on the NSE, 9.3% below the upper band of the IPO price range, and closed down more than 27% at ₹ 1,560, [67] making it the biggest drop on a listing day in Indian IPO history. [68] In December 2021 Paytm launched Paytm Wealth Academy. [69]
One97 Communications Limited was founded in 2000 by Vijay Shekhar Sharma in New Delhi.The company is headquartered in Noida, India. [10] It launched Paytm in 2009 as a digital payments platform to facilitate cashless payments. [11]
The largest share in $2 trillion of annual digital payment in India comes from UPI. [101] The Q2 of 2022 saw 20.57 billion transactions worth ₹36.08 trillion as per Worldline SA . P2P accounted for 49% in volume and 67% in value while P2M accounted for 34% in volume and 17% in value. [ 102 ]
Shares of Paytm, which had in May forecast a "meaningful improvement" in revenue and profitability from the second quarter, sank as much as 7.7% on Tuesday. And while Paytm got regulatory approval ...
Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [3] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8]