Since the listing in the stock market, the shares of Paytm have not only become a problem for the investors, but on the other hand the company’s founder Vijay Shekhar Sharma is also giving one blow after the other. According to Forbes data on Wednesday, Sharma has been out of the billionaire club due to the fall in Paytm shares.
Share price broken up to 70 percent
A report issued in this regard said that Paytm’s parent company’s stock has continued to fall, due to which its stock has lost 70 percent from the issue price of Rs 2,150. The steep fall in the stock of the Noida-headquartered company indicates a lot of volatility within it. Last week, the Reserve Bank of India (RBI) took strict action on Paytm Payments Bank and stopped it from adding new customers. The fall in the stock has increased due to the imposition of RBI restrictions.