Paytm shares decline 5% as leadership changes raise doubts among investors
Jammu, May 6 -- Changes at the Top Shake Investor Confidence in Fintech Firm
Shares of One97 Communications, the parent company of the prominent digital payments platform Paytm, dropped five percent yesterday after a key executive announced his departure. The company's stock price fell to hit the lower circuit limit on both the Bombay Stock Exchange and National Stock Exchange, reflecting heightened uncertainty among shareholders.
Bhavesh Gupta, who served as President and Chief Operating Officer overseeing crucial divisions such as lending, payments and regulatory compliance, will be stepping down from his role at the end of this month. While Gupta will continue advising the CEO's office, his resignation removes an experienced leader m...
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