Paytm shares hit lower circuit of 10%

New Delhi: Paytm shares are locked in lower circuit of 10 per cent on BSE. The shares were down 10 per cent at lower circuit on BSE. Paytm shares were trading at Rs438.35 down 10 per cent. One97 Communications Limited (OCL / Paytm / Company) set out the Company’s position and directly addressed rumors in the recent misleading media reports about the Company and its associate, Paytm Payments Bank Limited (PPBL / Bank).

The company categorically denied any investigation by the Enforcement Directorate on OCL, or associates and/or its Founder & CEO for anti-money laundering activities.