Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.
Paytm Share Price: Vijay Shekhar Sharma s resignation as the part-time non-executive chairman and board member at Paytm Payments Bank did not cut much ice with the investors who preferred to sell shares in hordes. Around 10 am, nearly 42.78 lakh shares were trading on the NSE.
Meanwhile, following the development in the firm, global brokerage firm UBS said in a note, "Paytm will likely experience near-term financial impact on its business along with some permanent loss of business in FY25E."