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    Josia Shigwedha

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    Josia Shigwedha

World

India’s Paytm shares slump to record low following downgrade

today13 February, 2024

Background

Shares of Indian digital payments company Paytm slumped to a record low below 390 rupees. This came after brokerage Macquarie downgraded the stock, which follows India’s central bank ordering Paytm to halt a large part of its business by the end of this month. Rebecca Bundhun reports from Mumbai.

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    R05_5797.WAV_R Leonard Witbeen

 

Written by: Leonard Witbeen