Paytm business model questioned as shares slump on debut2 min read . Updated: 18 Nov 2021, 02:33 PM IST
- Shares were changing hands at 1,586.35 rupees versus the offer price of 2,150 rupees, valuing the company at around $13.9 billion
Indian digital payments firm Paytm tumbled 26% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country's largest-ever IPO.
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