Paytm shares jump 5% on healthy Q4 numbers; extend rally for 6th session
The net loss of the fintech major dropped to ₹168.4 crore in Q4FY23, against a loss of ₹761.4 crore in the same period of the previous year.
vijay shekhar sharma
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Paytm to buy back shares worth ₹850 cr at 50% premium; stock falls 3%
The board of Paytm has approved a share buy back plan at ₹810 apiece, a premium of 50% as compared to current market price, to encourage shareholders to sell the shares back to the company.
Paytm loan volume up 150% to 6.8 mn in Oct-Nov; stock down
Subscriptions for payment devices exceeded 5.5 mn, while average monthly transacting users on Paytm grew 33% to 84 mn. GMV was up 37% to ₹2.28 lakh cr.
Paytm stock surges on strong operating performance
Paytm’s number of loans grew 246% and disbursements rose 484% YoY; its super app's consumer engagement recorded 40% growth in July-Aug
Paytm stock up 2% on Vijay Shekhar Sharma’s reappointment as MD, CEO
99.67% of shareholders who voted approved Sharma's re-appointment, while 0.33% were against the resolution. Shareholders also approved his remuneration, with 94.48% in favour while 5.52% against it
‘Gratitude’: Paytm boss Vijay Shekhar Sharma amid crucial AGM test
Three key domestic voting advisory firms have opposed Sharma's reappointment for another term and remuneration decided for the position, asking shareholders to vote against the resolutions
Paytm slips 5% as IiAS opposes Vijay Shekhar Sharma’s reappointment
Mumbai-based proxy advisor says the fintech firm boss made several commitments in the past to make the company profitable but they have not played out
Paytm sets up joint venture general insurance co; to invest ₹950 crore in 10 years
Initially, One97 Communications will own 49% stake in Paytm General Insurance, while the remaining 51% stake would be held by VSS Holding, a company owned by Paytm MD Vijay Shekhar Sharma.
Paytm's loan disbursals grow to ₹1,657 cr in April on uptick in ticket size
In the offline payments business, Paytm had 32 lakh devices deployed in stores as of April 2022, up from 9 lakh as of April 2021. User engagement on Paytm's super app rises 44% YoY.
Paytm founder says he will get stock grants when market cap crosses IPO level
Vijay Shekhar Sharma says the digital payments firm is aiming to be operationally profitable by September next year.
