Paytm Denies Report of Adani’s Interest in Buying a Stake
- Gautam Adani met Paytm founder Sharma, TOI said in a report
- Report is speculative, not engaged in any discussions: filing
aytm shares jumped as much as 5% in Mumbai as Indian markets opened.
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Paytm operator One 97 Communications Ltd. denied a media report that said the Indian billionaire Gautam Adani was keen to acquire a stake in the fintech firm. Adani Group also issued a statement calling the report “untrue.”
The “news item is speculative and the Company is not engaged in any discussions in this regard,” One 97 Communications said in an exchange filing Wednesday. The company will continue to make disclosures as needed, it added.