Tuesday, February 13, 2024

India's Paytm shares slump to record low following downgrade

Shares of Indian digital payments company Paytm (PRON: PayTM) on Tuesday slumped to a record low below 390 rupees.

This came after brokerage Macquarie downgraded the stock, which follows India's central bank ordering Paytm to halt a large part of its business by the end of this month.

Rebecca Bundhun reports from Mumbai.

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