On February 16, Paytm shares plunged nearly 2 percent, reaching a new record low of Rs 318.05 on the NSE as the company grapples with ongoing regulatory challenges. Reports indicate that the Enforcement Directorate has interrogated senior executives and collected documents from them in the wake of the recent RBI directive barring Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account.
In the preceding session, the fintech giant’s shares had hit a 5 percent lower circuit. Over the past five trading sessions, Paytm shares have plummeted by 23 percent, significantly impacting investor wealth.
Since the RBI’s crackdown on Paytm Payments Bank due to “persistent non-compliances and continued material supervisory concerns,” Paytm has witnessed a staggering decline in value. The company has shed approximately Rs 27,000 crore or 57 percent of its market capitalization over the last 11 trading days.
As of 10:02 am, Paytm shares were trading at ₹325.00, reflecting the ongoing turbulence in the company’s stock performance.
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