False and untrue: Paytm operator One97 Communications and Adani Group deny stake sale talks

Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as “false and untrue.”

Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the “news item is speculative and the company is not engaged in any discussions in this regard.”