- 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.
[Via]
