Paytm shares drop nearly 5% after push for new CEO
Hindustan Times|August 13, 2022
Shares of One97 Communications, the parent of Paytm, fell nearly 5% on Friday, following a report by an advisory firm opposing its chief Vijay Shekhar Sharma's reappointment as chief executive and raising doubts on the company's path to profitability.
Joseph Rai & Shubhobrota Devroy
Paytm shares drop nearly 5% after push for new CEO

Separately, in a statement to the exchanges on Friday, Paytm said its loan disbursals in July grew fourfold to 2.9 million. However, the total loan value grew more than sixfold to €2,090 crore.

"We continue to work with our partners to review the evolving macro environment, and, accordingly, slight moderation may be expected in our growth. That said, we continue to see ample growth and upsell opportunities in this business and are focusing on the quality of the book (given the possibility of macro headwinds)," according to the disclosure.

This story is from the August 13, 2022 edition of Hindustan Times.

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This story is from the August 13, 2022 edition of Hindustan Times.

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