Paytm denies cryptocurrency scam involvement, shares drop 9% amid investigation reports.
Paytm, India's leading digital payments platform, denies allegations of involvement in a cryptocurrency scam and states that the Enforcement Directorate's investigation involves third-party merchants, not Paytm itself. Despite this, Paytm's shares fell 9% following the reports but later recovered slightly. The company maintains transparency and compliance with regulations, and JM Financial still rates the stock as 'buy'.
2 months ago
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