Adani Paytm

Paytm Denies Media Report On Stake Sale To Adani

Adani Paytm

Hours after a media report claimed that Adani Group Chairman Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in Paytm, the popular fintech company termed the report “speculative”.

Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this regard.

“…We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard,” the filing read.

“We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.”

In the early hours of Wednesday, a newspaper, quoting unnamed sources, reported that Adani Group chairman Gautam Adani is looking to buy a stake in One 97 Communications, the parent company of Paytm.

The report claimed that Paytm founder and CEO Vijay Shekhar Sharma met Gautam Adani at the latter’s office in Ahmedabad on Tuesday to “finalise the contours of a deal”.

According to the news report, Sharma owns about 19 per cent of One 97, which is worth Rs 4,218 crore based on the stock’s Tuesday closing price of Rs 342 per share. (ANI)

For more details visit us:

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
Would love your thoughts, please comment.x