SEBI warns Paytm over funds financial institution offers; shares drop 1%
One 97 Communications (OCL), which owns model Paytm, has obtained an administrative warning letter from capital market regulator SEBI. The warning is over lack of approvals from each the audit committee and shareholders for the related-party transactions between Paytm and Paytm Funds Financial institution (PPBL) throughout FY21-22. SEBI’s letter mentioned the violations had been considered … Read more