 "Paytm")
The board of One97 Communications, the parent company of Paytm, on Tuesday, allowed buyback of shares worth Rs 850 crore. The company would undertake the buyback exercise at a maximum price of Rs 810 per share, nearly a 50 per cent premium to Tuesday’s closing price.
Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore.
The company in a statement said that until the completion of the buyback period, the company’s directors and key management personnel -- Vijay Shekhar Sharma (founder & CEO) and Madhur
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