Paytm, Adani Group deny stake sale talks

New Delhi: Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as ‘false and untrue’. Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, “the news item is speculative and the company is not engaged in any discussions in this regard.”

Separately, an Adani group spokesperson said, “we categorically deny this baseless speculation. It is totally false and untrue.”