Jefferies temporarily suspends rating on Paytm but falls short of stopping coverage
Jefferies temporarily suspends coverage on Paytm due to uncertain valuation, pending RBI regulatory actions, potential merchant/user attrition, and the closure of Paytm Payments Bank's wallet business. The outcome of Enforcement Directorate investigations, government approval for payment aggregator license, and onboarding of Axis Bank are awaited.
Source: indiatimes.com