Paytm hits upper circuit of 10% after Vijay Shekhar Sharma reportedly meets Finance Minister Nirmala Sitharaman

Paytm Share Price: Shares of One 97 Communications Ltd, the parent company of Paytm, hit an upper circuit of 10 per cent twice minutes after BSE opened on Wednesday (February 7, 2024).

The stock of Paytm was trading higher by 10 per cent, or Rs 45.15, at Rs 496.75 at 9:58 am on Wednesday.

In a source-based story, Reuters said that Paytm MD Vijay Shekhar Sharma met Finance Minister Nirmala Sitharaman on Tuesday, days after the banking regulator ordered its payment bank to halt business. 

Reuters also reported that Shekhar and a few Paytm officials had also met the Reserve Bank of India (RBI) on Monday to discuss regulatory concerns.