Paytm issues clarification on SEBI notice, says ‘not a new development’

One 97 Communications Ltd., the parent company of the Paytm brand, said that the reports on the company receiving a Securities and Exchange Board of India (SEBI) show cause notice is not a new development. The company has made the relevant disclosures on the matter in its financial statements for the year ended March 31, 2024, and the quarter ended June 2024, according to the company’s Bombay Stock Exchange (BSE) filing on Monday, August 26.