Paytm shares surge over 5% as SEBI approves registration of Paytm Money as research analyst

Shares of One 97 Communications, the parent company of Paytm, rose 5.40% in intraday trade on Tuesday, March 18, to ₹726 apiece after the company announced that its wholly-owned subsidiary, Paytm Money, has received approval from the market regulator to act as a research analyst.

“Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a Certificate of Registration as a Research Analyst by the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014.