Paytm shares tank 10 pc

Shares of One97 Communications, the owner of Paytm brand, on Thursday tumbled 10 per cent, amid reports that the government is planning to impose Merchant Discount Rate (MDR) on large-ticket UPI transactions.

However, the finance ministry has termed these claims as “false, baseless, and misleading”.

The stock tanked 9.99 per cent to Rs 864.20 on the BSE.

At the NSE, it dropped 10 per cent to Rs 864.40.