Paytm shares tank 4% after circuit revision, ED action
Thu, Feb 15, 2024 10:49 AM

Paytm shares tank 4% after circuit revision, ED action

A Flip by Shubhangi Gupta
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On February 15, Paytm's shares dropped by 4% after bourses lowered the circuit limit for the stock from 10% to 5%. This was due to a significant decrease in the stock's value following regulatory action taken by the Reserve Bank of India against Paytm Payments Bank. The fall also followed reports of the Enforcement Directorate filing a case against the company for alleged violations.

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