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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Paytm founder has boosted his thin shareholding in the company while providing Alibaba a smooth exit. But he might well be inviting more scrutiny.
The share price of One 97 Communications Ltd (aka Paytm) is back up to where it was exactly a year ago, despite improving fundamentals and multiple positive reratings by analysts. It has been a rather eventful year for the stock, the company and its main investors, with ongoing exits by large investors that have proven to be an overhang on the share price. Here’s a short chronology of events as they transpired:
SoftBank has regularly reduced its substantial stake in Paytm since November 2022, when the one-year lock-in period for the stock’s pre-IPO investors ended, mostly at a loss. Alibaba …
