Paytm CEO Vijay Shekhar Sharma lost $836 million in two days

Paytm founder and CEO Vijay Shekhar Sharma breaks down while delivering a speech during his company’s IPO listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai, India, November 18, 2021. REUTERS/Niharika Kulkarni
  • Paytm founder Vijay Shekhar Sharma’s wealth has nosedived more than $836 million after One97 Communications Ltd, the company he has taken public, nosedived 37% in two trading sessions since its market debut.
  • Sharma, who founded the company in 2000, holds a 9.1% stake, or 60 million shares, in Paytm.
  • Paytm said its monthly transacting users also grew by 35% to 63 million in October from 47 million a year ago.
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