Paytm has received the government's approval for its ₹50-crore investment in its subsidiary Paytm Payment Services, Financial Services Secretary Vivek Joshi told Reuters. The investment will allow the subsidiary to resume business operations and Paytm can now approach RBI to seek a payment aggregator license. Following the news, shares of Paytm rose 10% to hit upper circuit at ₹508.85/share.
short by
Ashley Paul /
04:47 pm on
26 Jul