On Monday, shares of One 97 Communications, the parent company of Paytm, experienced a 5% decline, reaching a day s low of Rs 351.70. This drop followed the company s disclosure to the exchanges regarding the resignation of Bhavesh Gupta, who served as the Chief Operating Officer (COO) and President of Paytm.
Foreign portfolio investors increased their shareholding in the Paytm operator to 20.64 per cent, while mutual funds also raised their stake to 6.15 per cent in the March 2024 quarter..