Paytm shares hit 52-week high after RBI nod for payment aggregator licence

Shares of One97 Communications Ltd, the owner of the Paytm brand, jumped 6 per cent on Wednesday as Paytm Payments Services has received the Reserve Bank of India’s nod to operate as an online payment aggregator.

The stock surged 5.94 per cent to hit its 52-week high of Rs 1,186.50 on the BSE.

At the NSE, it jumped 5.98 per cent to Rs 1,187 — the 52-week peak.