Paytm hits record low after Macquarie flags risks from Mukesh Ambani’s Jio Financial Services

RIL recently announced that it would demerge its financial services business and rename it Jio Financial Services. According to a report by Macquarie analysts, JFS could become India’s fifth largest financial services firm in terms of net worth, trailing the HDFC twins, SBI, ICICI Bank, and Axis Bank.

Paytm stock has dropped 75% from its listing price.


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