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Sebi issues Paytm CEO, CFO notices over timing of 2023 small-loan disclosure
Sebi issued show-cause notices to Paytm CEO Vijay Shekhar Sharma and CFO Madhur Deora over timing of Paytm’s December 2023 disclosure that it would reduce sub-₹50,000 personal loans after RBI tightened consumer-lending rules. Paytm expects no financial impact.
Reported figures
From the report. Source details below
- 12% share-price drop over eight days
Other figures
- 14 days
- December 6, 2023
- 20% share-price drop
- 1.9% share-price fall
What to watch next
- Sebi's final order, including whether it alleges delayed disclosure, misleading disclosure, or governance/control failures.