Paytm has excess cash, buyback won't hamper growth plans: Morgan Stanley1 min read . Updated: 14 Dec 2022, 03:52 PM IST
Morgan Stanley indicated the buyback won't hamper any growth plans as it believes the company will generate excess cash after taking into account the investments required for growing the business
One 97 Communications (OCL), which owns the brand Paytm, announced that its board approved a proposal for buyback of equity shares. All directors present voted unanimously in favour of the proposal, including all independent directors, a company release said.
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