Paytm fell 2.57 per cent to hit a low of Rs 525.60. It recovered some ground later and the scrip was trading at Rs 534.10 apiece, still down 1 per cent. Paytm shares had jumped 4 per cent in the previous two sessions
One 97 Communications Ltd that owns the brand Paytm, India s leading payments and financial services company and the pioneer of QR and mobile payments, announced that its Board has approved a proposal for buyback of equity shares.