Paytm share price: Shares of One 97 Communications, the parent firm of Paytm, continued to hit a new low for the third straight day in trade on Thursday (February 15), even as the company made a clarification that in the explanations sought from authorities, including ED, the company has been rendering its full support.

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At 9:17 am, shares traded weak by 4 per cent at Rs 329, while minutes earlier, they marked a new all-time low of Rs 325.3 apiece.

“This is to further clarify that One 97 Communications Limited (‘Company”), its subsidiaries, and its associate, Paytm Payments Bank Limited, have over time been receiving notices and requisitions for information, documents, and explanations from the authorities, including the Enforcement Directorate (ED), concerning the customers that may have done business with the respective entities, and provided the required information, documents, and explanations to the authorities. The company and its associates have continued to provide such information, documents, and explanations to the authorities as is required by them,” said the company’s filing with the BSE.

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"We would also like to clarify that our associate Paytm Payments Bank Limited does not undertake outward foreign remittances," added the company. 

The steep downfall has come after the company’s subsidiary, Paytm Payments Bank, was imposed with some of the restrictions by the RBI on account of continued non-compliance as per the statutory guidelines.

Paytm shares, since the RBI order, have slumped sharply and are continuing their downward trajectory.

Zee Business Managing Editor Anil Singhvi said that the stock carries paramount risk as of now, and until it follows the regulated guidelines, its fate looks jeopardised. So, at best, the expert advises not to engage in any bottom-fishing in the stock.