Paytm stock crashes 57% since curbs

NEW DELHI: Shares of Paytm operator One97 Communications fell 5% on Thursday after the ED questioned its senior executives as part of preliminary examinations before a formal probe under foreign exchange rules.

Extending its losses for the third consecutive session, Paytm shares tumbled 5% to settle at Rs 325 apiece - lower circuit limit on the NSE. Since the RBI's action on Jan 31, Paytm's stock has crashed by over 57%. Paytm investors have lost nearly Rs 28,000 crore since RBI's action against it. The company's market now stands at Rs 20,656 crore.

The sensex advanced 228 points or 0.3% to close at 72,050 points.