The shares of One97 Communication, the parent company of digital payment giant Paytm, tumbled by more than 8 per cent after Vijay Shekhar Sharma, the founder of Paytm, has received show-cause notices from the Securities and Exchange Board of India (SEBI).
The stock opened at Rs 559.80 per share on the national stock exchange. The shares of One97 Communications tumbled down and touched a day-low of Rs 505.55 per share on the Indian exchanges.
The stock has a 52-week high price of Rs 998.30 per share on October 30, 2023. The shares also recorded an all-time high level of Rs 1,955.00…