
Paytm has received an administrative warning letter from India's market regulator, SEBI, regarding related party transactions with its associate company, Paytm Payments Bank. The transactions, dating back to the fiscal year 2021-22, were conducted without necessary approvals from the audit committee or shareholders. The warning letter highlights that these transactions amounted to Rs 360 crore. Paytm's parent company, One 97 Communications, disclosed the warning at 11.23 pm. Following the disclosure of the warning, shares of Paytm declined by 2%.
Shares of Paytm declined 2% after the company received an administrative warning letter from market regulator SEBI. #paytm
๐จ๐จ @Paytm gets @SEBI_India warning over related party transactions with payments bank Sebi stated that certain transactions in FY22 between Paytm and the now-defunct Paytm Payments Bank were conducted without necessary approval. https://t.co/pcDYFdfIFx
Paytm gets 'very serious' warning from Sebi, shares fall 2% https://t.co/zG9srdtrtA




