As per media reports, One97 Communications, Paytm's parent company, stated that these services will remain accessible on the Paytm app for up to 12 months during the transition period
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This latest ESOP allotment follows similar offerings in recent months, including 6,000 shares in July and 2,81,394 shares in June
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Sebi Chairperson Madhabi Puri Buch reiterated the importance of maintaining rigorous KYC standards, hinting at further measures to strengthen market integrity.
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The Soundbox consolidates mobile and card payment functionalities into a single device, mitigating the need for merchants to manage multiple machines
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Revenue from financial services amounted to Rs 280 crore, while revenue from marketing services was Rs 321 crore
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Sebi's letter highlighted discrepancies between the company's stated compliance and the transactions considered material (RPTs) by the Board and Audit Committee
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Softbank had declared its intention to exit Paytm within 24 months following the IPO, a move that was consistent with its plans, although it anticipated a loss at the time, as per media reports
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Amongst FPIs, Treeline and UBS Principal Capital Asia expanded their shareholding to more than 1 per cent this quarter
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Dismissing misleading media reports claiming that Paytm's leadership has decided to abandon licensed business in favor of a distribution model, the company refuted stating that no such decision or communication has been made regarding a change in its operating strategy
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Paytm has been bullish on UPI and has formed partnerships with various banks and financial institutions including Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank to enhance its LIPI service
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