INSUBCONTINENT EXCLUSIVE:
Paytms shares dropped as much as 7.7% in early trading on Friday.New Delhi: India's digital payments giant Paytm is set for another bout
of scrutiny on Saturday when it reports earnings in the wake of its record-breaking initial public offering and tumultuous stock market
debut.Ahead of the results, Paytm's shares dropped as much as 7.7% in early Mumbai trading on Friday
While the stock had jumped about 32% over the last three days, it is still well below the price set in the $2.5 billion IPO as investors
cross-sell more products, Jain said.Despite the challenges, Paytm's backers include the likes of Warren Buffett's Berkshire Hathaway Inc
and Masayoshi Son's SoftBank Group Corp
and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more shares on Tuesday and Wednesday,
investment officer at TCG Advisory Services
gross merchandise value climbed 131% on-year to Rs 83,200 crore ($11.2 billion) in October in the critical period ahead of the Diwali
quarterly and half-yearly results announcement on Saturday will be followed by an earnings call at 6 pm.
