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News on Medial
Will buy Paytm shares at any given opportunity: Vijay Shekhar Sharma
Economic Times
·
1y ago
Medial
Paytm founder Vijay Shekhar Sharma is ready to increase his stake in the company, especially with Ant Financial selling its shares in the payments service provider. Ant Financial had been the biggest shareholder of Paytm. Sharma now owns nearly 19.5% of Paytm and has full control of the company. He expressed his willingness to raise his stake further as Paytm approaches profitability. Sharma aims to expand Paytm's presence in the financial services sector and has built strong distribution capabilities in partnership with financial institutions.
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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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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 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 QR, Soundbox, EDC to work even after March 15, claims Vijay Shekhar Sharma
Livemint
·
1y ago
Medial
Paytm founder Vijay Shekhar Sharma has clarified that Paytm QR, Soundbox, and EDC will continue to function after March 15, despite the restrictions imposed on Paytm Payments Bank by the RBI. Sharma referred to an RBI document which states that merchants using Paytm QR codes, soundbox, or POS terminals linked to other bank accounts can continue to use them even after the deadline. He urged users not to believe any rumors and to support the digital India initiative.
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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 Jumps 4% After It Discontinues Inter-Company Agreements With PPBL
Inc42
·
1y ago
Medial
Shares of One97 Communications, the parent company of Paytm, rose 4% to INR 423 apiece on Friday, following the announcement that the company has discontinued various agreements with its payments bank unit, Paytm Payments Bank Limited. Paytm shares opened at INR 413.55. The move is an effort to strengthen the independent operations of the payments bank. Founder Vijay Shekhar Sharma recently stepped down from the board, and a newly-reconstituted board has been appointed. The company ensured that services like the Paytm app, Paytm QR, and Paytm Card machines will continue uninterrupted. At 1:15 pm on Friday, Paytm shares were trading at INR 421.85 apiece.
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Pledged My Shares to Fund Paytm When SoftBank Money Went to Snapdeal: Vijay Shekhar Sharma
OutlookIndia
·
2m ago
Medial
Vijay Shekhar Sharma, the founder of Paytm, revealed that in December 2014, he had to pledge his personal shares to keep the company afloat after SoftBank's Masayoshi Son chose to fund Snapdeal instead of Paytm. Despite funding challenges at that time, Sharma was committed to digitizing payments in India. He emphasized that securing startup funding in India is no longer a major hurdle and urged entrepreneurs to persevere with their innovative ideas.
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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 Senior VP Praveen Sharma Resigns To Pursue ‘Other Opportunities’
Inc42
·
1y ago
Medial
Praveen Sharma, senior vice president of business at Paytm's parent company One 97 Communications, has resigned after over four years. His resignation comes shortly after Paytm founder Vijay Shekhar Sharma stepped down from the board of Paytm Payments Bank. Paytm is also planning to transfer its point of sale (PoS) terminals to RBL Bank. In January, the RBI issued a directive that prevented Paytm Payments Bank from carrying out certain transactions. Since then, Paytm shares have plummeted and several mutual funds have divested their holdings in the company.
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Vijay Shekhar Sharma forgoes 2.1 crore Paytm stock options after Sebi notice
Economic Times
·
3m ago
Medial
Paytm founder Vijay Shekhar Sharma has waived his entitlement to 2.1 crore shares under the One97 Employees Stock Option Scheme, 2019, after an August 2024 SEBI notice deemed the issue a violation of share-based employee benefit rules. This voluntarily renounced stock resulted in a non-cash ESOP expense of Rs 492 crore for Q1 2025, positively impacting future ESOP expenses. Sharma held over 5.78 crore shares, valued at Rs 5,000.7 crore as of March 2025.
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