Business Standard

Paytm has lost over Rs 1 trillion in market cap since its issue

Paytm's m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77 per cent in just over a year to Rs 30,971 crore

Paytm
Premium

Photo: Bloomberg

Raghav Aggarwal New Delhi
The shares of One97 Communications, which operates the payments platform Paytm, hit an all-time intra-day low of Rs 476.65 apiece before closing at Rs 477.1 on Tuesday, down over 11 per cent from their previous close. The company's market capitalisation (m-cap) was Rs 30,971 crore at close on Tuesday – down by over Rs 1 trillion since the time of the issue.

Compared with the issue price of Rs 2,150, the company's share price has fallen nearly 78 per cent. The m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 22 2022 | 5:24 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com