Adani Group Denies About Acquiring Stake in Paytm, Says ‘It Is Totally False and Untrue’
The Adani Group on Wednesday categorically denied a media report which claimed that the company is going to acquire a stake in digital payments company Paytm.
New Delhi, May 29 : The Adani Group on Wednesday categorically denied a media report which claimed that the company is going to acquire a stake in digital payments company Paytm.
A media report earlier claimed that the Adani Group was in talks with Paytm to acquire a stake in the fintech company, owned by One 97 Communications Limited. Paytm Refutes Media Reports About Gautam Adani in Talks With CEO Vijay Shekhar Sharma To Buy Stake in Company, Calls It ‘Speculative’.
“We categorically deny this baseless speculation. It is totally false and untrue,” said a spokesperson of the Adani Group. In a stock regulatory filing, Paytm also denied any such move.
“We hereby clarify that the news item is speculative and the company is not engaged in any discussions in this regard,” said Paytm. Samsung Labor Strike: Unionised Workers Plan To Go on Strike With Company Amid Stalled Wage Negotiations.
“We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” said the company.
(The above story first appeared on LatestLY on May 29, 2024 12:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).