Paytm shares decline by five per cent as Iias calls for removal of CEO & MD

NEW DELHI: Shares of digital payments firm Paytm plunged 5% on Friday after a proxy advisory firm opposed the reappointment of its chief executive officer (CEO) and managing director. Institutional Investor Advisory Services (IiAS) has said it opposes the reappointment of Vijay Shekhar Sharma as CEO and MD at the annual general meeting next week.