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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.
In a stock filing immediately after the RBI's order, Paytm warned the order to close Paytm Payments Bank could drag down annual earnings before interest, tax, depreciation and amortization by up ...
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 ...
Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. [9] For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹ 13.2 lakh crore (US$150 billion). [10] [11] [12] [13]
In 2015, Paytm Payments Bank Limited received in-principle approval from the Reserve Bank of India to set up a payments bank and was formally inaugurated on November 28, 2017. [ 6 ] [ 16 ] In the financial year 2020, the bank facilitated more than 485 crore transactions worth ₹4.6 lakh crore. [ 17 ]
Paytm posted a net profit of 9.28 billion rupees, its first-ever since listing in 2021. But that was mostly due to a 13.45-billion-rupee gain on the sale of its ticketing business to food delivery ...
The company's initial share sale aimed to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing it at ₹1.39 trillion. [32] The company's IPO was subscribed 18% on the first day, having received bids for 8.742 million shares against the total issue size of 48.4 million shares.
Based on the company’s total market value of $3.23 billion, that made Trump’s stake worth $1.85 billion. What is Truth Social? Trump launched Truth Social, in February 2022, after he was banned from major sites such as Facebook and the platform formerly known as Twitter following the Jan. 6 attack on the U.S. Capitol.