Paytm Shares: Daily limit reduced for Paytm shares, BSE took the decision after huge fall.

BSE Changed Daily Limit: BSE has taken this decision after the huge fall in Paytm shares. After the action taken by RBI against Paytm Payments Bank, the shares of the company have fallen by almost 40 percent.


BSE Changed Daily Limit: Bombay Stock Exchange (BSE) has reduced the daily limit due to the huge fall in Paytm shares. BSE has now increased the new limit on Paytm shares to 10 percent. Till now it was 20 percent. After the strict action by RBI on Paytm Payments Bank, Paytm Shares had fallen by almost 40 percent on Thursday and Friday. This decision of BSE will provide great relief to the troubled fintech company.

Paytm shares hit lower circuit in two trading sessions

On the basis of the audit report, the Reserve Bank of India had taken action against Paytm Payments Bank for violating several rules. The bank is accused of violating the KYC rules of customers. RBI had said that this was creating many dangers including money laundering. The stock exchange said on Saturday that Paytm shares had hit the lower circuit in the last two trading sessions. Due to this, the daily limit on shares of fintech company has been reduced. Now the company's shares can go up or down only by 10 percent. 

drowned in two days45 thousand crore rupees

Paytm's parent company One 97 Communications had said in an exchange filing on Thursday that it will pursue partnerships with other banks instead of Paytm Payments Bank. The company's CEO Vijay Shekhar Sharma had said that it will continue the digital wallet business. For this, cooperation of some other bank will be taken. On Thursday and Friday the company had lost approximately Rs 45 thousand crores. Paytm shares closed at Rs 487.2 on Friday. He has touched his record low. The market value of the company has dropped to $3.7 billion. 

Investigation can be handed over to ED 

According to Reuters report, Revenue Secretary Sanjay Malhotra has said that if allegations of financial misappropriation come to light against Paytm Payments Bank, then its investigation can be handed over to ED (Enforcement Directorate).

News is originally taken from: https://bit.ly/49E0K5l

Samachar App: watch the live latest news of India and the world, business updates, cricket scores, etc. Download the Samachar App now to keep up with daily breaking news.

Like and Follow us on Facebook, Twitter, and Instagram 

Comments

Post a Comment

Popular posts from this blog

6 students killed, 1 injured after speeding car crashes into truck in Dehradun

Image
The accident took place around 1.30 am at ONGC Chowk, where a speeding Innova car crashed into the rear of a container truck, leaving the car in a wrecked state, police said. Six people were killed, and another critically injured, in a severe car accident in Dehradun early Tuesday morning. The accident took place around 1.30 am at ONGC Chowk, where a speeding Innova car crashed into the rear of a container truck, leaving the car in a wrecked state, police said. According to Circle Officer (City) Neeraj Semwal, the six deceased-three boys and three girls, all under 25 years of age-died instantly. A seventh passenger, identified as 25-year-old Siddhesh Agrawal, survived but is in critical condition at Synergy Hospital. Five of those who died were residents of Dehradun, while one was from Chamba. Reports suggest the group had gone out for a late-night drive before the accident. Chief Minister Pushkar Singh Dhami, who was on a trip to Uttarkashi and Rudraprayag, expressed his grief over th
Read more

Motor Vehicle Act News: Transport Commissioner himself will come and tell the High Court, why every bike driver is not wearing a helmet!

Image
  Motor Vehicle Act News: High Court Jabalpur directed the Transport Commissioner of Madhya Pradesh to come and explain why the general public is not able to follow the rules of Motor Vehicle Act (Motor Vehicle Act News). In fact, during the hearing in July 2023, the state government had given an undertaking that as per the Motor Vehicle Act News, every vehicle in the state will be fitted with a high security registration plate within the next 6 months. Similarly, according to the rules of the Act (Motor Vehicle Act News), every two-wheeler driver will wear a helmet and the car driver will wear a seat belt. The government had given an undertaking that after January 15, 2024, if even a single driver violates the rules of the Motor Vehicle Act News, then the Transport Commissioner and Additional Inspector General of Police will be responsible for contempt action. The matter was heard on Tuesday. A counter-protest was presented by the state government and additional time was sought for co
Read more

Asia Cup 2023: India achieve their biggest-ever ODI victory against Pakistan as Kohli, Rahul and Kuldeep shine

Image
Team India handed Pakistan their biggest defeat in the IND-PAK fixtures as the Men in Blue opened their account with a 228-run win in the Asia Cup 2023 Super Fours. Finally after several rain delays and frustrating two days of start-stop cricket, Team India scripted their biggest-ever win against Pakistan in ODI history surpassing their 140-run win in 2008, to open their account in the Asia Cup 2023 Super Fours on Monday, September 11 in Colombo. It was a combined team effort as the batters propelled the side to their joint-best score in ODIs against Pakistan while  Kuldeep Yadav 's five-wicket haul was the icing on the cake as Pakistan were skittled out for just 128 with two of their players not batting. Virat Kohli  and  KL Rahul  started watchfully from India's overnight score of 147 following quickfire fifties from skipper  Rohit Sharma  and  Shubman Gill  on Day 1. Kohli kept ticking the scorecard with singles and doubles and got boundaries at regular intervals. Rahul was
Read more