Paytm Money Receives SEBI Approval as Research Analyst; Paytm Rises 7.7%

 

Summary:

Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Ltd, has been granted a Certificate of Registration as a Research Analyst by SEBI under the SEBI (Research Analysts) Regulations, 2014 (Registration No. INH000020086).

Stock Performance:

  • Following the announcement, Paytm’s stock surged 7.7%, reaching an intraday high of Rs.742.50. 
  • Market Cap : Rs.46,479.58 Cr.

Key Data Points:
  • Company: Paytm Money Limited (Subsidiary of One 97 Communications Ltd)
  • SEBI Registration No.: INH000020086
  • Service Offerings:
  1. Investment insights
  2. Research reports
  3. Data-driven analysis
  • Integration: Services to be available on the Paytm Money app
About the Company:

Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.

📢 Disclaimer: The information provided on Equity Insights Hub is for educational and informational purposes only. Please consult a SEBI-registered financial advisor before making any investment decisions.


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