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Paytm crisis: One 97 Communication shares surge 9% after Vijay Shekhar meets FM Nirmala sitharaman RBI

Paytm share price today: The roller-coaster journey of One 97 Communications, the parent company of Paytm, continued as its shares surged up to 9% to reach Rs 495.75 on the BSE. This increase followed meetings between company CEO Vijay

Paytm share price today: The roller-coaster journey of One 97 Communications, the parent company of Paytm, continued as its shares surged up to 9% to reach Rs 495.75 on the BSE. This increase followed meetings between company CEO Vijay Shekhar Sharma and officials from the RBI and Finance Minister Nirmala Sitharaman.At 10:58 AM, shares of One 97 Communications were trading at Rs 490.20, up almost Rs 40 or 8.66%.
Despite reports of potential probes into money-laundering and KYC violations, Paytm's stock saw an upturn today. After experiencing three days of continuous decline, resulting in a 42% crash, the shares ended 3% higher yesterday. Currently, investor sentiment regarding regulatory issues and Paytm's ability to address them remains the main driving force behind its shares, according to an ET report.