
Paytm Q2 loss narrows to ₹290 cr; revenue rises 32%
EBITDA without ESOP costs improved to ₹153 crore as compared to a loss of ₹166 crore in Q2 FY23.
EBITDA without ESOP costs improved to ₹153 crore as compared to a loss of ₹166 crore in Q2 FY23.
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Paytm says action based on deficiencies in regulatory compliance and not intended to pronounce upon validity of any transaction with customers
On Wednesday, Paytm shares declined as much as 4.6% to hit an intraday low of ₹825.35 on the BSE.
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.
Vijay Shekhar Sharma says this "Artificial General Intelligence" software stack will help various financial institutes in capturing possible risks and frauds
The Sharma family becomes the biggest shareholder in One97 at 19.55%; Paytm shares trading in red ₹877.75 against previous closing price of ₹874.45
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.
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.
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.