Extending its previous day's decline, the stock dived 8.67 per cent to Rs 408.30 on the BSE. Shares of the company tumbled 8.20 per cent to Rs 410 on the NSE. Shares of One97 Communications Ltd fell 10 per cent to hit lower circuit limit on Thursday, after a two-day rally in the stock fizzled out.
Paytm has also been seeking clarity from the RBI regarding the transfer of its licence for the wallets business and digital highway toll payment service Fastag, the source said.
The share price had declined by 20 per cent, 20 per cent and 10 per cent on Thursday, Friday and Monday's trading sessions respectively after RBI announced a ban on any newer deposits or top ups on accounts, digital wallets or FASTags post February 29. The central bank cited several compliance issues as a reason behind its move.
Shares of One97 Communications, the parent firm of Paytm, rose marginally today after falling sharply for two consecutive days. Here is all you need to know.