Worse was in store for the Vijay Shekhar Sharma-promoted firm when Paytm shares were listed on the exchanges. On November 18, the share price of One97 Communications (Paytm’s parent company) sank 27 per cent. The stock had been listed at Rs 1,950—a discount of 9.3 per cent on its offer price of Rs 2,150—and closed at Rs 1,564, leading to a reported loss for investors of about Rs 5,000 crore. The shares continued their fall on Monday, November 22, plunging to Rs 1,360.30. The company’s market cap dropped to Rs 88,184.67 crore, as against market expectations of around Rs 1.4 lakh crore at the time of listing. Though the share price rose 9 per cent in intra-day trading on November 23 to reach Rs 1,480, market watchers weren’t confident that this marked a turnaround.
Diese Geschichte stammt aus der December 06, 2021-Ausgabe von India Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 06, 2021-Ausgabe von India Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
THE AGE OF INFLUENCERS
A TRIBE OF YOUNG, EDUCATED INTERNET WARRIORS IS SHAPING PUBLIC OPINION WITH CURATED VIDEOS ON SOCIAL MEDIA PLATFORMS
Scoring a Century
Manoj Bajpayee has just acted in his 100th project-Bhaiyya Ji
FRAGMENTED RUINS
A new exhibition at Gallery XXL, Mumbai juxtaposes the artworks of an Indian and a Spanish artist
United by Art
Moments in Collapse, SAHMAT's group exhibition at Jawahar Bhawan in Delhi brings together artworks with politically charged themes
In Her Mother's Voice
Vidya Vox's exuberant new EP, Sundari, is primarily in Tamil as a tribute to her mother
"MURDER, HE WROTE"
Ashutosh Rana and Vijay Raaz shine in JioCinema's Murder in Mahim, a web series based on Jerry Pinto's layered crime novel
FLAGRANT VIOLATIONS
Gujarat sees another major tragedy as businesses flout safety norms and officials look away. This time it's 33 lives lost in a blaze at a gaming zone
THWARTED FRANCHISE
Robertsganj, on the southeastern tip of Uttar Pradesh, is a study in how a coalition of other castes often defeats the aspirations of the majority caste among Dalits-in constituencies reserved for the Scheduled Castes
THE LAST FRONTIER
PURVANCHAL HOSTS THE BIGGEST STAR CANDIDATE IN INDIA: NARENDRA MODI IN VARANASI. THAT MAY BE A NO-CONTEST, BUT CRAFTY CASTE PLAY BY THE SP-CONGRESS POSES A CHALLENGE IN THE OTHER DOZEN SEATS
THE FIGHT FOR POLITICAL CAPITAL
Leading the campaign as non-playing captains or taking the electoral field themselves, a whole range of political players exemplify the churn that Punjab's politics is going through