Paytm parent stock declines 19%

New Delhi: Shares of One97 Communications, parent firm of Paytm, settled 19 per cent lower on Thursday, a day after the company announced it will focus on high-ticket lending and go slow on loans that are less than Rs50,000.

The scrip of the company nosedived 18.74 per cent to close at Rs660.70 apiece on the NSE. On the BSE, Paytm shares tumbled 18.69 per cent to end at Rs661.30 per share. During the day, the scrip of Paytm plunged 20 per cent to hit the lower circuit of Rs650.65 and Rs650.45 per piece on BSE and NSE, respectively.