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Paytm CEO Vijay Shekhar Sharma gets scam texts from 'Vijay Shekhar Sharma', shares pics
Inshorts
·
2m ago
Medial
Paytm CEO Vijay Shekhar Sharma shared pictures of text messages he got from a scammer who was posing as 'Vijay Shekhar Sharma', saying, "Impersonating myself to me." In the messages, the scammer asked Vijay if he was in office and asked him to send a file to finance department. "Vijay speaking to Vijay. Madness of multiverse," an X user said.
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Paytm gets show-cause notice from SEBI over ESOPs granted to CEO
Inshorts
·
1y ago
Medial
Paytm has received a show-cause notice from market regulator SEBI over the employee stock option plans (ESOPs) granted to the startup's Founder and CEO Vijay Shekhar Sharma, Paytm said in an exchange filing. "[We believe] that the company is compliant with the relevant regulations," Paytm said. It added that it had submitted its preliminary response to SEBI's notice.
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Paytm CEO Vijay Shekhar Sharma settles ESOP case with SEBI
Inshorts
·
2m ago
Medial
Paytm and its CEO, Vijay Shekhar Sharma, have settled an employee stock options (ESOPs) violations case with the Securities and Exchange Board of India (SEBI), the markets regulator said on Thursday. As part of settlement, Sharma has been prohibited from accepting fresh ESOPs from any listed company for three years, while Paytm and Sharma each paid ₹11.1 million, SEBI said.
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Paytm shares rise 7% as CEO to buy ₹5,195-crore stake from Antfin
ABPLive
·
1y ago
Medial
Paytm's stock surged by 7% in the morning hours of Monday. This follows the announcement that Paytm's CEO, Vijay Shekhar Sharma, will acquire a 10.30% stake in the company from Antfin (Netherlands) Holding BV for $628 million (₹5,195 crore). As a result of this deal, Sharma will surpass Antfin as the largest shareholder of Paytm. Remarkably, Paytm's shares have recorded an almost 50% increase year-to-date.
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Paytm Slapped With Fine For Not Paying Stamp Duties
Inc42
·
1y ago
Medial
Paytm has been fined by the Office of Collector of Stamps in New Delhi for not paying stamp duty on the allocation of 3,828 equity shares in December 2017. Paytm expects to receive more such orders in the future, as the Office is still processing its applications. Additionally, Paytm has received a show cause notice from SEBI concerning the stock options given to its founder and CEO Vijay Shekhar Sharma in the fiscal year 2022.
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Antfin trims stake in Paytm by 4% in open market sale
YourStory
·
2m ago
Medial
Antfin (Netherlands) Holding B.V. reduced its stake in One 97 Communications Ltd., Paytm's parent company, by selling 4% of shares in an open market transaction. This sale decreased Antfin's stake from 9.84% to 5.84%, maintaining 37.3 million shares. Previously, Ant Group transferred voting rights to Paytm's CEO Vijay Shekhar Sharma, who bears a 19.4% stake. Ant Group initially invested in Paytm in 2015, holding significant shares over the years.
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Paytm slumps another 20% after RBI clampdown on payments bank
VCCircle
·
1y ago
Medial
Shares of Paytm, the Indian digital payments firm, plunged 20% after the Reserve Bank of India (RBI) ordered its payments bank to stop accepting new deposits. Despite attempts by Paytm to reassure users, investor sentiment remained negative. The company's CEO, Vijay Shekhar Sharma, stated that the app would continue to work as usual and that they were committed to serving the nation in full compliance. Paytm shares are down 36% this week.
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Paytm Senior VP Praveen Sharma quits to pursue other opportunities
Inshorts
·
1y ago
Medial
Paytm Senior Vice President Praveen Sharma has quit the fintech startup to pursue other opportunities, Paytm said in an exchange filing. Praveen, who tendered his resignation to CEO Vijay Shekhar Sharma on Saturday, will work with Paytm till Sunday (March 31). "I had a wonderful stint here," said Praveen, who has worked at Paytm since September 2019.
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Paytm CEO Vijay Shekhar Sharma meets FM Sitharaman
Inshorts
·
1y ago
Medial
Paytm CEO Vijay Shekhar Sharma met Finance Minister Nirmala Sitharaman on Tuesday, ANI reported quoting sources. They reportedly discussed the recent curbs imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank. It was earlier reported that Sharma and other Paytm executives met the RBI officials on Monday and discussed a roadmap to address the regulatory concerns.
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Paytm now has more than a million shareholders in India: CEO
Inshorts
·
1y ago
Medial
CEO Vijay Shekhar Sharma said Paytm now has more than a million shareholders across India. Paytm's present share price of ₹866 is nowhere close to the issue price of ₹2,150. However, its stock has jumped over 97% from 52-week low of ₹438.35 in November 2022. "Our mission is to serve half a billion Indians...When Paytm grows, India grows," Sharma stated.
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Paytm CEO asks govt to bring payment devices under PLI scheme
Inshorts
·
2y ago
Medial
On Monday, Paytm CEO Vijay Shekhar Sharma called on the government to include payment devices in the Production Linked Incentive (PLI) Scheme. Sharma highlighted that Paytm soundboxes are entirely manufactured in India, yet they face import duties, creating an uneven playing field. He emphasized the need for India to focus on manufacturing to boost job creation, moving away from a service-centric approach.
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