Shares of One 97 Communications (Paytm) declined 2% to Rs 461.1 in Tuesday's trade on BSE after the company received an administrative warning letter from market regulator SEBI.
The Securities and Exchange Board of India (SEBI) stated that certain transactions in FY22 between Paytm and the now-defunct Paytm Payments Bank were conducted without approval from the company's audit committee or its shareholders.
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