Top executives at India’s Paytm spent 90 minutes on a call with investors and analysts on Saturday trying to persuade them of the promise for the digital payment giant’s business model after a turbulent initial public offering. They didn’t resolve investor concerns.
On Monday, the stock of One97 Communications, the parent of the digital payments giant, slid again, down as much as 4.6% to 1,700 rupees. That comes after shares ended last week 17% below the company’s IPO price of 2,150 rupees.
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November 29, 2021 at 07:00AM
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Paytm in Focus Again as Analysts Query CEO on Path to Profits - Bloomberg
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