Paytm’s Share Price Today: Paytm dismissed reports as speculative and stated that it is not in any talks with the Adani Group. Today, shares of One 97 Communications (Paytm) rose by 5% after news surfaced that Gautam Adani might be interested in buying a stake in the company. However, Paytm clarified that these reports are speculative and there are no ongoing discussions with the Adani Group.
In a statement to the stock exchanges, Paytm emphasized, “We want to clarify that the mentioned news is speculative, and we are not in any discussions regarding this matter. We have always been transparent with our disclosures as per SEBI regulations.” Following this clarification, Paytm’s shares were trading 5% higher at ₹359.55 on the BSE.
What was reported about Gautam Adani’s talks with Paytm?
According to a report by the Times of India, Gautam Adani was exploring the possibility of acquiring a stake in Paytm’s parent company. It was reported that he met with Vijay Shekhar Sharma at his office in Ahmedabad to discuss the details of a potential deal. The report also mentioned that Adani was in discussions with funds from West Asia to attract them as investors in One 97 Communications. This development comes after the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank Ltd (PPBL) for various transactions. Additionally, Paytm reported a loss of ₹549.60 crore in the March quarter, compared to ₹219.80 crore in the December quarter.
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