Tag: Paytm shares

Paytm Payments Services will be able to offer prepaid payment instruments, including wallets. (Representational Image) (Reuters)
Posted in Business

Paytm gets preliminary RBI nod for wallet licence; shares hit record high

India’s Paytm on Friday received preliminary central bank approval for its payments services unit to issue prepaid payment products, including digital wallets, sending its shares…

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Early Paytm backer Elevation Capital part sells stake in fintech worth Rs 1,556 crore
Posted in Startups

Early Paytm backer Elevation Capital part sells stake in fintech worth Rs 1,556 crore

Venture capital firm Elevation Capital (formerly SAIF Partners) offloaded 1.19 crore shares of Paytm parent One97 Communications worth Rs 1,555.95 crore via a bulk deal,…

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