In Summary
1)Paytm shares tumbled nearly 2% after a Sebi warning.
2)Sebi reported non-compliance in related party transactions.
3)Paytm said the warning will not affect its financial or operational activities.
The warning was issued to One 97 Communications, Paytm’s parent firm, for non-compliance with transactions with Paytm Payments Bank that exceeded the allowed limit of Rs 360 crore.
On the Bombay Stock Exchange (BSE), the stock was down 1.78% to Rs 461.30 a share in early trading. The parent firm of Paytm, One 97 Communications, received a warning for non-compliance with transactions involving Paytm Payments Bank that went over the authorized amount of Rs 360 crore.
