One 97 Communications (Paytm) has received an approval for a share buyback plan of Rs 850 crore, priced at Rs 810 per share. The company will undertake the buyback of up to Rs 850 crore (excluding buyback taxes and other transaction costs) at a maximum price of Rs 810 per share, and has opted for the open market route through stock exchanges method, which is to be completed within a maximum period of 6 months.
At the maximum buyback price and the maximum buyback size, the indicative maximum number of equity shares bought back would be 10,493,827. This represents around 1.62 percent of the company's paid-up share capital as of March 2022.
Paytm is India's leading digital ecosystem for consumers as well as merchants.
