Paytm shares cross ₹1,955 IPO listing-day high after five years; what’s boosting investor confidence?
Shares of Paytm, the parent company of One 97 Communications, have crossed their IPO listing-day high for the first time since the company’s stock market debut in November 2021, following a major regulatory development concerning its digital wallet business.
During market hours on Friday, the company announced that its payments services subsidiary, Paytm Payments Services Limited (PPSL), had received preliminary approval from the Reserve Bank of India (RBI) to issue prepaid payment instruments (PPIs), including digital wallets.
