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Paytm rose nearly 5% after RBI granted in-principle approval for its unit to operate as an online payment aggregator, ending a 2022 merchant onboarding ban. The nod, conditional on a six-month system and cybersecurity audit, follows Ant Group's exit, removing Chinese ownership hurdles. Analyst Varunkumar Patel sees up to 10% upside, with ₹1,250 target by Aug 29.
short by / 12:06 pm on 13 Aug
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