Paytm share price jumps 5% on clarification that Vijay Shekhar Sharma is not selling stake to Gautam Adani

Shares of One 97 Communications, parent of Paytm was locked in a 5 percent upper circuit at ₹359.55 in morning deals on Wednesday after the company clarified that Vijay Shekhar Sharma is not in talks with Gautam Adani to sell stake in Paytm. Meanwhile, Adani Enterprises was almost flat, up 0.7 percent in morning deals.