Digital financial services firm One97 Communications, which operates under the Paytm brand, on Tuesday announced a share buyback scheme worth Rs 850 crore at Rs 810 apiece.
While shareholders approved the remuneration of Sharma as well as that of Paytm President and Group chief financial officer Madhur Deora but the support was not similar to the level seen for their re-appointment.
Shares ofdigital payments firm Paytm fell 6.2% on Friday, hit by a proxy advisory firm's opposition to reappointment of its chief executive officer and the central bank's guidelines for digital lending apps.