Paytm Money receives Sebi approval to offer research analyst services

Paytm Money, a wholly-owned subsidiary of One97 Communications Ltd (OCL), has been granted a Certificate of Registration as a research analyst by the Securities and Exchange Board of India (Sebi).

Paytm’s share price rose 7.79 per cent, closing at Rs 742.45 on Tuesday on the Bombay Stock Exchange (BSE).

Paytm’s wealth management arm will now be able to offer research services that comply with the market regulator’s norms, including research reports and analysis.