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India’s Paytm nears record low, down 10% after RBI crackdown
© Reuters. FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
BENGALURU (Reuters) – Shares of Indian digital payments firm Paytm slumped 10% to a near record low on Monday, extending a rout triggered by a regulatory crackdown on the company’s banking unit.
The stock fell by its daily trading limit to 438.5 rupees, just shy of the previous all-time low of 438.35 rupees hit in November 2022.
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