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flag Paytm's parent company receives notice over alleged foreign exchange violations in past acquisitions.

flag Paytm's parent company, One97 Communications, received a notice from India's Enforcement Directorate over alleged Foreign Exchange Management Act (FEMA) violations related to the acquisitions of two subsidiaries, Little Internet and Nearbuy, between 2015 and 2019. flag Paytm says the violations occurred before the companies became its subsidiaries and notes that its services remain unaffected. flag The company is seeking legal advice to address the notice.

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