Paytm registers weak stock market debut, lists at heavy discount

Leading online payments platform Paytm’s operator One97 Communications registered a weak debut on Dalal Street, listing at a discount of 9 per cent compared to the issue price after its Rs 18,300 crore initial public offering (IPO). The stock opened at Rs 1,950 on the National Stock Exchange (NSE), while the listing price on the Bombay Stock Exchange (BSE) was Rs 1,955, marking a heavy discount over the issue price of Rs 2,150 per share. Paytm shares were trading over 18 per cent lower on the BSE and NSE at…

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