BUSINESS

Paytm’s stock falls 57% since restrictions

NEW DELHI: The ED questioned One97 Communications’ key executives as part of preliminary exams prior to a formal inquiry under foreign currency restrictions, which caused shares of the Paytm operator to drop 5% on Thursday.

Paytm shares fell 5% to trade at Rs 325 each, the lower circuit limit on the NSE, extending its losses for the third straight day. Since the 31st of January, the stock of Paytm has plummeted by more than 57%.Investors in Paytm have lost around Rs 28,000 crore as a result of RBI intervention. The market value of the firm is now Rs 20,656 crore.
The sensex closed at 72,050 points, up 228 points or 0.3%.

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