Paytm shares jump after Vijay Shekhar Sharma reappointed as MD, CEO
Shares of One97 Communications, which operates the financial services platform Paytm, rose more than 1.5 per cent in early morning trade after the company reappointed Vijay Shekhar Sharma as MD and CEO.
At 11.00 a.m., shares of One97 Communications were trading at Rs 785.55 a share, up 1.74 per cent.
In a shareholders meeting on August 21, Vijay Shekhar Sharma was reappointed as MD & CEO of Paytm. A total of 99.67 per cent majority votes were recorded in favour of the resolution, Paytm said in a statement.
Paytm enables commerce for small merchants and distributes various financial services offerings to its consumers and merchants in partnership with financial institutions.