Gautam Adani in talks with Vijay Shekhar Sharma to acquire stake in Paytm: ‘Finalising contours of deal’

Adani Group chairman Gautam Adani is reportedly in talks to buy a stake in One 97 Communications, which operates Paytm. A report in the Times of India claimed, citing people in the know, Paytm founder and CEO Vijay Shekhar Sharma met Gautam Adani at the latter’s office in Ahmedabad on May 28 to “finalise the contours of a deal”. In case the deal is finalised, the Adani Group would enter the fintech sector competing against Google Pay, PhonePe and Mukesh Ambani’s Jio Financial.