Paytm gets rap from Sebi over old transactions, shares decline

One 97 Communications, which is Paytm’s parent firm, has got an “administrative warning letter” from SEBI over related party transactions it had entered into with Paytm Payments Banks (PPBL) in FY22 without due approval of either audit committee or the shareholders.

In a BSE filing, the company said it has consistently acted in compliance with SEBI regulations. The fintech firm further said it is “committed to demonstrating the highest compliance standards.”