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BOM:543396

4 stories mentioning BOM:543396Updated 4d ago

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Asia

Paytm Executives Receive SEBI Show-Cause Notice Over 2023 Disclosure

One 97 Communications (NSE:PAYTM, BOM:543396), which operates Paytm, said its key managerial personnel received a show-cause notice from the Securities and Exchange Board of India dated Aug. 11, according to a Wednesday stock exchange filing.The notice concerns the timing of disclosure of certain information and its classification as unpublished price-sensitive information in connection with the company's Dec. 6, 2023 corporate announcement.The recipients are evaluating the notice and are required to respond within 14 days of receiving it. No financial impact on the company is expected, according to the filing.No penalty, restriction, or sanction has been imposed at this stage.

BOM:543396NSE:PAYTM
Asia

Paytm Europe Receives Luxembourg Payment Institution License

One97 Communications (NSE:PAYTM, BOM:543396) said its Luxembourg-based step-down subsidiary Paytm Europe has received a payment institution license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF).The license, effective July 2, authorizes Paytm Europe to provide payment services, including execution of credit transfers and payment transactions, as well as the acquiring of payment transactions, according to a stock exchange filing on Friday.

BOM:543396NSE:PAYTM
Asia

Jefferies Adjusts One 97 Communications' Price Target to INR1,450 From INR1,350, Keeps at Buy

One 97 Communications (NSE:PAYTM, BOM:543396) has an average rating of overweight and mean price target of 1,365.10 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:543396NSE:PAYTM
Asia

One97 Communications Returns to Profit in Fiscal Q4; EPS Beats Estimates; Shares Jump 5%

One97 Communications (NSE:PAYTM, BOM:543396) booked an attributable consolidated profit of 1.84 billion Indian rupees in the fiscal fourth quarter, compared with a loss of 5.40 billion rupees a year ago, according to a Wednesday filing on Indian bourses.Shares of the company jumped nearly 5% in Thursday's trade.Earnings per share during the quarter ended March 31 stood at 2.83 rupees, compared with a loss per share of 8.47 rupees a year earlier. Analysts polled by Visible Alpha estimated EPS of 2.23 rupees.Revenue from operations of the digital payments platform owner rose year on year to 22.6 billion rupees from 19.1 billion rupees, the filing said. Analysts polled by Visible Alpha also estimated a revenue of 22.6 billion rupees.

BOM:543396NSE:PAYTM

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