Highlights

  • Exchanges routinely seek clarification on sharp stock movements from companies
  • The stock has witnessed a market cap erosion of Rs 1.04 lakh crore in four months.

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BSE sought clarification from Paytm parent after shares sunk to an all-time low

Paytm on Wednesday in a response to the stock exchanges said it has no information that may have a bearing on the price volume behaviour in the scrip and which is yet not disclosed to the stock exchanges.

The release from Vijay Shekhar backed fin tech came as BSE had sought a clarification with regards to the sharp fall in stock prices and if there is news that has not been disclosed to the public via exchanges.

Paytm also reassured shareholders by stating that the business fundamentals remain robust as demonstrated in our last earning release dated February 04, 2022.

India's largest IPO till date has seen investor wealth erode massively. At issue price of Rs 2,150, it had commanded a market capitalisation of Rs 1.39 lakh crore, which has plunged to Rs 35 crore now.


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