Paytm board to consider share buyback today; check all details here

According to the company's liquidity report, Paytm has liquidity of Rs 9,182 crore, and in November, the company stated that it would become cash flow positive in the next 12-18 months

The board of One 97 Communications, the parent company of Paytm, will meet today to decide on a proposal to buyback its shares. Several reports have stated that it will use the proceeds from previous fundraising rounds to fund the buyback.

"...we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, December 13, 2022, to consider a proposal for buyback of the fully paid-up equity shares of the Company, in accordance with the applicable provision under the Companies Act, 2013 (including the rules and regulations framed thereunder),