Paytm shares tumble over 9% as investors start losing hope after 2 days of relief rally

Shares of crisis-ridden One 97 Communications, which runs Paytm, dropped 9.4% to hit a low of Rs 450 on BSE. Investors lost patience after a meeting between Paytm founder Vijay Shekhar Sharma and Finance Minister Nirmala Sitharaman and RBI officials yielded no positive results. Paytm shares have lost about 41% of their value since the RBI’s diktat on January 31.

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