Paytm Shares Falls 40% In 2 Days Amid Concerns Over RBI Order
Shares of digital payments firm Paytm tumbled 20% on Friday after a central bank clampdown on its payments bank continued to weigh on investor sentiment despite the company's attempts to assuage fears of a hit to its business. Paytm shares were at 487 rupees, their lowest in more than a year, at the bottom of an exchange-imposed trading band for the second day in a row. Shares of the company are now down 36% so far this week.
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Shares of digital payments firm Paytm tumbled 20% on Friday after a central bank clampdown on its payments bank continued to weigh on investor sentiment despite the company's attempts to assuage fears of a hit to its business. Paytm shares were at 487 rupees, their lowest in more than a year, at the bottom of an exchange-imposed trading band for the second day in a row. Shares of the company are now down 36% so far this week.
