Paytm recovers 6% from day’s lows after Co denies ED freeze on accounts

Shares of financial technology (fintech) giant One 97 Communications (Paytm) fell 8.95 per cent to a day’s low of Rs 773.05 on the National Stock Exchange (NSE) during intra-day deals on Friday, January 24, 2025. The fall in the company’s stock price follows news that the Enforcement Directorate (ED) has allegedly frozen approximately Rs 500 crore in virtual accounts of eight payment gateways, including Razorpay, PayU, Easebuzz, and Paytm, as part of its investigation into one of India’s largest cryptocurrency scams, the HPZ Token scam, according to a report by The Times of India.