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 buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent
Shares of Paytm surged 8 per cent to Rs 535.45 apiece in the intra-day trade on Friday, before settling at Rs 537, up 7 per cent
Paytm's m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77 per cent in just over a year to Rs 30,971 crore
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank, Elevation Capital and Alibaba, do not seem to be in a hurry to exit the company as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after end of lock-in period but that had a minimal impact on the stock. Market participants have been speculating on Paytm, post expiry of lock-in for pre-IPO investors. "Paytm's lock-in expiry had no impact on the share price as the company's robust performance continues to impress investors." Avinash Gorakshakar, Director, Research, Profitmart Securities, said about Paytm. Paytm's pre-IPO investors like Warren Buffet, SoftBank, Elevation Capital, Alibaba are long-term investors. SoftBank's Masayoshi Son is reportedly not in a hurry to exit from its investments like Paytm, PB Fintech, Delhivery. The investor doesn't want to trigger panic selling. Rahul Sharma, co-founder, Equi
Higher number of monthly users, additional payment devices and more disbursal of loans lifted the company's revenue to 16.8 billion rupees ($211.16 million), from 8.91 billion rupees last yea
Paytm Q1FY23 results: JPMorgan pegs net loss at Rs 672.3 crore, down from Rs 761 crore QoQ
The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)
One97 Communication, the parent company of Paytm reported a loss of Rs. 780 in March quarter
Digital payments and financial services company Paytm on Sunday said it will seek a new general insurance license with a fresh application, aimed at gaining majority shareholding
Paytm continues to have market leadership by transaction volume
The company has also set aside Rs 300 crore for investing in growing the market for fantasy sports and other online gaming events during this financial year
The Noida-based firm also claimed it has narrowed losses 40 per cent year-on-year on account of optimisation of expenses which will help it become profitable by 2022
CERT-In a functional organisation under the Ministry of Electronics and Information Technology with the object of securing Indian cyber space
Paytm, which has seen massive growth and adoption after demonetisation, has over 100 million Paytm customers who have completed their KYC process for transacting on the platform
The net worth of the company stood at Rs 2,376.6 crore, according to regulatory filings sourced from business information platform Tofler