Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this registration, Paytm Money will offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis.
In a regulatory filing, Paytm said, “…we wish to inform you that Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a Certificate of Registration as a Research Analyst by the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014. The registration number for Paytm Money Limited as a Research Analyst is INH000020086.”
According to the company, these services will soon be integrated into the Paytm Money app as part of a research and advisory offering. “This milestone aligns with Paytm Money’s objective to expand its offerings in the investment ecosystem, enhance user experience, and provide expert-backed insights to both retail and institutional investors,” it said.
This is a developing story, more details are being added. Please watch the space for updates
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