Paytm shares drop 2% after Vijay Shekhar Sharma forfeits 2.1 crore shares

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Shares of Paytm parent One97 Communications Ltd dropped more than 2 percent before trading in a narrow range on Thursday. The stock was in focus a day after founder and CEO Vijay Shekhar Sharma gave up stock options worth Rs 492 crore to comply with a regulatory order.

The Paytm stock fell over 2 percent to the intraday low of Rs 846.3 apiece in the first leg of trade today, before stabilising. The scrip was trading 1.68 percent lower as of 2:18 p.m., compared with a 1.85 percent rise in the benchmark Sensex.

The stock as returned 116.94 percent in the…



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Paytm shares drop 2% after Vijay Shekhar Sharma forfeits 2.1 crore shares


Shares of Paytm parent One97 Communications Ltd dropped more than 2 percent before trading in a narrow range on Thursday. The stock was in focus a day after founder and CEO Vijay Shekhar Sharma gave up stock options worth Rs 492 crore to comply with a regulatory order.

The Paytm stock fell over 2 percent to the intraday low of Rs 846.3 apiece in the first leg of trade today, before stabilising. The scrip was trading 1.68 percent lower as of 2:18 p.m., compared with a 1.85 percent rise in the benchmark Sensex.

The stock as returned 116.94 percent in the…



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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