
Paytm shares fall 9% in three session; here’s why
On Wednesday, Paytm shares declined as much as 4.6% to hit an intraday low of ₹825.35 on the BSE.
On Wednesday, Paytm shares declined as much as 4.6% to hit an intraday low of ₹825.35 on the BSE.
The profitability outlook for Indian fintechs has improved substantially amid expectations that the revenue would rise to $190 billion by 2030 from $17 billion in 2022, predicts BCG.
The IPO comprises a fresh issue of equity shares worth ₹392 crore and an offer for sale of 1.04 crore shares by promoters and existing shareholders.
CRED’s founder says that a bulk of the UPI growth has come with the help of such companies as they create distribution and a positive change of consumer behaviour.
In his address, he notes that customer-centricity, governance, and self-regulation are critical for the fintech ecosystem to be stable and future-ready.
self-regulatory organisations could play a pivotal role in the fintech industry by promoting responsible practices and maintaining ethical standards, says T Rabi Sankar.
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
Alibaba Group subsidiary Antfin is looking to sell 3.6% stake in Paytm through a block deal today at a floor price of ₹880.10 per share.
Odigma Consultancy Solutions, which is into web development and online marketing, will be listed on domestic stock exchanges
Paytm founder and CEO Vijay Shekhar Sharma will acquire 10.30% stake in the company from Antfin, via his 100% owned overseas entity, Resilient Asset Management B.V.