Paytm no longer using short-term working capital facilities from banks

Paytm is no longer using the previous short-term working capital facilities from banks due to ample liquidity, and as a result, the charge on current assets in both the parent companies and its subsidiaries were released last week, according to a source close to the developments.

The company declined to comment on the matter.

After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore. Regulatory filings in February also showed that the company had utilised just Rs 141 crore of the Rs 8,113 crore it had raised