Investors lose Rs 35,000 crore within hours after a weak debut
Shortpedia
Content Team
Image Credit: shortpdia
Paytm’s Rs 18,000 crore initial public offering (IPO) was faced with a weak debut after it received a decent response from investors. The largest IPO in the country vanished investors’ wealth by more than Rs 35,000 crore on day one of listing on Indian bourses. In early hours into trade, Paytm’s valuation came down from a whopping Rs 1.39 lakh crore to Rs 1.07 lakh crore, a loss of about Rs 35,000 crore.
