Digital payments major PhonePe has filed its draft red herring prospectus (DRHP) to raise capital from the primary markets. While the PhonePe IPO timeline, issue size and other key details are yet to be disclosed, market participants have begun drawing comparisons with its listed peer Paytm, which debuted on the bourses in November 2021. According…
The equity shares of One 97 Communications, the parent company of Paytm, crashed 10% on Friday, resuming its downward trend, amid heavy selling pressure. Paytm shares declined as much as 9.99% to ₹1,134.85 a piece on the BSE. Paytm stock price has fallen in four out of the last five trading sessions. The sharp fall…
Equity shares of Paytm parent company One 97 Communications fell 10% on Friday amid heavy selling pressure, resuming a weak streak in the stock. At 145 pm the stock was trading at Rs 1168.80, down 7.30%. Source
