Paytm to scrap agreements with financial institution unit

MUMBAI: Paytm on Friday mentioned that the agency and its affiliate entity Paytm Funds Financial institution have mutually agreed to discontinue numerous inter-company agreements to “reduce dependencies”. The shareholders of the financial institution have additionally agreed to simplify the shareholders’ settlement to help its governance, unbiased of its shareholders. The event comes days after Paytm founder & CEO Vijay Shekhar Sharma stepped down because the non-executive chairman of PPBL’s board, marking the tip of his seven-year banking stint as a fintech entrepreneur. OCL’s nominee director Bhavesh Gupta too has stop the financial institution’s board.

#Paytm #scrap #agreements #financial institution #unit


Discover more from Expert Financial Management Tips | Managing Finance

Subscribe to get the latest posts sent to your email.

Leave a Reply