SEBI’s Nod To Paytm Money Opens New Avenues: Motilal Oswal

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SUMMARY

The brokerage firm Motilal Oswal believes that the greenlight from the market regulator will help Paytm diversify into wealth management, thus, potentially unlocking a “new stream of fee-based income”

It maintained its ‘neutral’ rating for Paytm and gave it a PT of INR 870.

Paytm’s shares saw selling pressure on March 19 due to outcry over the union cabinet’s incentive scheme for UPI transactions

Day after Paytm’s parent One97 Communications said that its wholly-owned subsidiary Paytm Money, received approval…



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SEBI’s Nod To Paytm Money Opens New Avenues: Motilal Oswal


SUMMARY

The brokerage firm Motilal Oswal believes that the greenlight from the market regulator will help Paytm diversify into wealth management, thus, potentially unlocking a “new stream of fee-based income”

It maintained its ‘neutral’ rating for Paytm and gave it a PT of INR 870.

Paytm’s shares saw selling pressure on March 19 due to outcry over the union cabinet’s incentive scheme for UPI transactions

Day after Paytm’s parent One97 Communications said that its wholly-owned subsidiary Paytm Money, received approval…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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