Paytm buys back 1.85 lakh of its shares for Rs 527.50 each

This is the fourth buyback for Paytm after Monday, which brings the total number of shares bought back to 13,15,000.

Pratiksha ThayilUpdated: Thursday, December 29, 2022, 08:28 PM IST
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Paytm buys back 4.75 lakh of its shares for Rs 532.02 each | Image credit: Wikipedia (Representative)

Online payment platform Paytm on Thursday announced that it has bought back 1,85,000 shares for Rs 527.4946 per unit.

This is the fourth buyback for Paytm after Monday, which brings the total number of shares bought back to 13,15,000.

The last buy back from Paytm was on Wednesday, when it bough 4.75 lakh shares for Rs 532.02 each.

The company released the Paytm 2022 Recap, in which it mentioned that it had prevented over 161 crore ATM visits. The digital payment app has also reached 106 cities across 20 states, with Katpadi in Tamil Nadu clocking an almost seven fold rise this year.

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