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Thursday, May 2, 2024

Paytm puts on a brave face; UAE crypto fund to bet big on India

A day after BSE sought clarification from Paytm on the “significant movement” in its share price, the company said in a filing that it has no information which could have a bearing on the price that it hasn’t disclosed to the stock exchanges. It also said its business fundamentals remain robust. Nonetheless, the stock hit a new all-time low of Rs 520 on Wednesday.

Credit: Giphy

Also in this letter:
■ Cypher Capital to invest 40% of new $100 million crypto fund in India
■ A91 Partners leads $35 million investment in Plum
■ Theranos trial starts for Ramesh Balwani, Elizabeth Holmes’s ex


Fundamentals remain robust, Paytm says, after BSE asks about stock drop

paytm

Paytm CEO Vijay Shekhar Sharma

Paytm parent company One97 Communications has said in a filing with BSE that its business fundamentals remain robust and that it has shared all information that could have a bearing on its share…

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