Paytm shares rise 4% as PhonePe halts IPO plans
after close1 source ↓written by the desknot a recommendation
- to ₹1
- 4%
Shares of One 97 Communications, the parent of Paytm, surged nearly 4% to ₹1,014.8 on the NSE after rival PhonePe announced it would pause its IPO plans. This move is seen as a relief for Paytm, easing near-term competitive pressure in the digital payments sector. PhonePe cited geopolitical uncertainty and volatile markets for its decision.
Not investment advice. For informational purposes only.