Paytm says SEBI notice to founder old development

NEW DELHI: One97 Communications, the parent company of Paytm, said that capital market regulator SEBI issuing show-cause notices to founder and CEO Vijay Shekhar Sharma, during the fintech major’s initial public offering (IPO) in November 2021 for alleged misrepresentation of facts is not a new development. Paytm added that it had previously disclosed the matter in its financial results for the quarter ending March and the quarter ending June.