![Crisis-hit Paytm shares fall 9% amid report to acquire ONDC startup Bitsila](https://images.assettype.com/fortuneindia%2F2023-02%2F62e0d3e6-78e8-4100-bb4b-e0dcd7f7e3f0%2FPaytm_04248_copy__1_.jpg?w=300&q=95)
Crisis-hit Paytm shares fall 9% amid report to acquire ONDC startup Bitsila
The fintech major is reportedly in advanced stages of talks with e-commerce startup Bitsila and the deal is likely to close in the coming week.
The fintech major is reportedly in advanced stages of talks with e-commerce startup Bitsila and the deal is likely to close in the coming week.
Founder and CEO Vijay Shekhar Sharma expects Paytm to become a free cash flow generating company in the next 12-18 months
Shares of Paytm’s parent company, One97 Communications, declined as much as 13.26% to touch a fresh low of ₹672.10 in the opening deals on the BSE.