adani-group-denies-paytm-stake-acquisition

The Adani Group on Wednesday refuted claims of its purported acquisition of a stake in digital payments company Paytm, dismissing recent media reports as "baseless speculation."

 

Earlier reports suggested that discussions were underway between the Adani Group and Paytm regarding a potential stake acquisition in the fintech firm, owned by One 97 Communications Limited.

 

A spokesperson for the Adani Group stated, "We categorically deny this baseless speculation. It is totally false and untrue."

 

In response, Paytm issued a regulatory filing to address the matter, asserting, "We hereby clarify that the news item is speculative and the company is not engaged in any discussions in this regard."

 

The company further emphasised its commitment to compliance with regulatory obligations, stating, "We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."