Shares of One97 Communications Ltd had hit its decrease circuit restrict on Monday.
The inventory jumped 7.79 per cent to Rs 472.50 on the BSE regardless of a weak starting to the commerce.
Shares of One97 Communications Ltd, which owns Paytm model, rebounded on Tuesday morning after three days of sharp fall.
The inventory jumped 7.79 per cent to Rs 472.50 on the BSE regardless of a weak starting to the commerce.
It climbed 7.99 per cent to Rs 473.55 on the NSE.
In the previous three days, the inventory tumbled over 42 per cent, wiping out Rs 20,471.25 crore from its market valuation, following the RBI’s crackdown.
Shares of One97 Communications Ltd had hit its decrease circuit restrict on Monday.
The regulator final week ordered Paytm Payments Bank Ltd, a restricted financial institution that may take deposits however can not lend, to not take any additional deposits or conduct credit score transactions or perform prime-ups on any prospects accounts, pay as you go devices, wallets, playing cards for paying street tolls after February 29.
Paytm Payments Bank Limited (PPBL) is an affiliate of One97 Communications Limited (OCL).
One97 Communications holds 49 per cent of the paid-up share capital (straight and thru its subsidiary) of PPBL.
Founder Vijay Shekhar Sharma has a 51 per cent stake within the financial institution.
