‘Speculative, untrue’: Paytm, Adani Group deny stake sale in fintech major

One97 Communications (OCL), the company that runs Paytm, and the Adani Group have denied reports that the coal-to-airports conglomerate is buying a stake in the fintech major.

A media report said Vijay Shekhar Sharma, founder and chief executive officer of Paytm, met Gautam Adani, chairperson of the Adani Group, in Ahmedabad on Tuesday.

“We hereby clarify that this is speculative and the Company is not engaged in any discussions in this regard,” said Paytm in a statement.