Paytm gets Sebi notice on unauthorised related party transactions, stock falls 2%

Digital payments firm Paytm received an ‘administrative warning’ from stock markets regulator Sebi on July 15 for allegedly entering into transactions with a group entity that were not approved by the board, shareholders and audit committee

The regulatory action led to a 2% fall in the company’s stock, which closed at Rs 459.75 on Tuesday. Overall, the BSE was up 0.06%. Since the Reserve Bank of India halted business operations of Paytm Payments Bank, the stock price of One 97 Communications (OCL) has fallen almost 40% from Rs 761 in January.