Paytm fixes stock price for Nov 18 listing; Myntra appoints Nandita Sinha as CEO Paytm, which conducted the world’s second-largest fintech IPO of 2021 earlier this week, is expected to list on the stock exchanges at Rs 2,150 a share next Thursday (November 18), according to the final prospectus it filed with the Registrar of
Tech's 'big tobacco' moment; Licious joins unicorn club It's been a miserable few days for Mark Zuckerberg. A day after a faulty configuration change knocked Facebook, WhatsApp and Instagram offline for almost six hours, a former employee turned whistleblower testified before a US senate committee, accusing the company of making "destructive choices".Also in this letter:Licious
IPO-bound Paytm employees add 5.45 lakh more shares for monetisation New Delhi: Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO. As per a regulatory filing by One97 Communications (OCL), about 20 more employees have converted their ESOPs into a total
It held a 17.5% stake in Paytm in September 2022 later it trimmed its ownership through multiple open market deals. After this sale, the company s stake in Paytm’s parent One97 Communications went down to 2.83 percent from 5.01 per cent earlier.
Paytm s stock is facing significant challenges as it has witnessed a substantial downturn and hit the 20% lower circuit limit for two consecutive trading sessions. The decline came after the Reserve Bank of India barred Paytm Payments Bank from conducting certain banking operations.