Paytm board to consider share buyback on December 13

NEW DELHI: Digital financial services firm Paytm on Thursday said its board will meet on December 13 to consider a proposal for share buyback keeping in mind the company’s liquidity position which may be beneficial for its shareholders.

Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report.

Liquidity of a company is measured by its ability to covert assets into cash.

“The meeting of 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,” Paytm said in a BSE filing.