Paytm Scam / Chaos in Paytm shares, investors suffered loss of Rs 20,500 crore

Paytm Scam: There is no sign of stopping the devastation in the shares of One 97 Communications i.e. Paytm, one of the biggest fintech companies of the country. On Monday, for the third consecutive trading day, the company's shares hit a lower circuit of 10 percent. Due to which the company's shares have reached record low. The special thing is that in these three trading days, the company's shares have seen a decline of more than 42 percent. Investors have suffered a loss of more than Rs 20,500 crore during this period. On the other hand, Paytm has also been accused of money laundering. There is talk of investigation by ED. At the same time, Paytm has termed the allegations of money laundering as complete rumours. Let us also tell you how Paytm's figures are being seen in the stock market.

Paytm shares continue to fall

According to BSE data, Paytm shares fell for the third consecutive trading day. The company's shares hit a lower circuit of 10 percent. Due to which the company's shares reached a record low of Rs 438.35. However, on Friday there was a 20 percent decline in the company's shares and the company's shares closed at Rs 487.05. The company's shares have seen a decline of 42.40 percent in three trading days. After 20 percent decline in Paytm for two consecutive days, the stock exchanges have reduced the lower circuit limit to 10 percent.

Loss of Rs 20,500 crore

If we talk about investors, there has been a loss of Rs 20,500 crore in three trading days due to Paytm crisis. According to the data, the valuation of the company was Rs 30,931.59 crore on Friday, which has come down to Rs 27,838.75 crore today. This means that there has been a loss of Rs 3092.84 crore in the valuation of the company on Monday. Whereas on Thursday and Friday there was a loss of Rs 17378.41 crore in the company's valuation. This means that there has been a loss of Rs 20,471.25 crore in the valuation of the company in three days.

What order was given

RBI had said in its order that the nodal accounts of One97 Communications Limited and Paytm Payments Services, the company operating Paytm, should be closed as soon as possible before February 29. One97 Communications holds 49 per cent stake in Paytm Payments Bank Limited but categorizes it as its subsidiary. Not as a subsidiary company. The company is also being accused of money laundering. It is coming to light that the investigation will be done by ED. Whereas Paytm has completely denied the allegations of money laundering.