Paytm shares rise 3% ahead of buyback proposal
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almost 2 years ago
Given the net worth of Rs 13,564 crore, the maximum buyback of Paytm from the tender route can be Rs 3,391 crore and the maximum buyback through the open market can be Rs 2,035 crore. If Paytm wants to avoid a special resolution, it will have to do a buyback of less than 10% of net worth, which comes close to Rs 1,356 crore, according to a report by ET Now.
Economic Times