Paytm shares jump 5 pc; hit upper circuit limit

NEW DELHI: Shares of One97 Communications, which owns Paytm brand, on Wednesday morning jumped 5 per cent to hit its upper circuit limit, amid media reports that the Adani Group may acquire a stake in the fintech firm.

The reports have been denied by both the fintech firm and the Adani Group. The stock climbed 4.99 per cent to Rs 359.55 — its upper circuit limit — on the BSE.

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