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Showing posts with the label Paytm stock price

Paytm shares in focus after partnering with SBI MF to launch Rs 250 SIP

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[hfe_template id='11223'] [ad_1] Shares of the fintech platform Paytm (One 97 Communications) will be in focus on Tuesday after it partnered with SBI Mutual Fund to launch the JanNivesh Rs 250 SIP. “In partnership with SBI Mutual Fund, Paytm has launched the JanNivesh ₹250 SIP, in line with the Government of India’s vision for a Viksit Bharat by enabling financial inclusion and empowering citizens to invest in their future,” the company said in its press release on Monday. The JanNivesh SIP initiative empowers citizens to play a role in India's financial and economic growth. It offers a straightforward and affordable way for individuals to build wealth through small, regular investments, starting at just Rs 250. The initiative also provides flexible SIP options, allowing daily, monthly, or weekly contributions to cater to diverse financial needs and preferences. This initiative is crucial for promoting financial literacy, fostering economic inclusion, and supporting ...

Paytm shares shed 2% after Paytm Payments Services CEO and MD Nakul Jain resigns

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[hfe_template id='11223'] [ad_1] Shares of One97 Communications-operated Paytm tumbled 1.69% to an intraday low of Rs 767 on the BSE on Tuesday, January 28, after the company announced that the CEO and Managing Director (MD) of Paytm Payments Services (PPSL), Paytm’s wholly owned subsidiary, had resigned from his post. “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that Paytm Payments Services Limited (“PPSL”) our wholly owned material subsidiary company has informed us on January 27, 2025 at 10.50 p.m. (IST) that Mr. Nakul Jain, Managing Director and Chief Executive Officer (CEO) of PPSL, has resigned from his position w.e.f. close of business hours on March 31, 2025 or an earlier mutually agreed date,” Paytm said in its exchange filing. The exchange filing explained that Jain has decided to pursue an entrepreneurial journey, which led to his decision. Followi...