Paytm Share: Paytm shares rise 10%, hit higher after getting FDI nod from govt

Paytm Share: Shares of Paytm's parent One97 Communications Limited rose 10 percent on Friday, July 26, 2024, after getting approval for the Foreign Direct Investment (FDI) scheme from the government. Its stock touched an all-time high during trading. For the first time since February 8, 2024, Paytm shares crossed Rs 500 per share. Shares of Paytm rose 10 percent to Rs 509.05 on BSE. According to media reports, Paytm's stake has reached 10 percent, according to a report from news agency Reuters, citing a top finance ministry official, Paytm's parent company One97 Communication said. 50 crores was approved by the government for foreign investment. After the news, Paytm shares rose sharply and on BSE, Paytm shares rose 10 percent to Rs 509.05. With this gain, Paytm shares have soared over 10 percent. Also Read: Mehndi price: Shoppers can't be fooled before applying mehndi on Hariyali Teej After BSE surged 10 percent to hit a high of Rs 998.30, the stock remains below its 52-week high of Rs 998.30. Paytm's stock has fallen 21 percent so far in 2024 and 35 percent in the past one year. Due to Paytm's tie-up with China, getting approval from the government for foreign investment was delayed for months. Now after getting the approval, it will help to resume business operations of Paytm payment services. Also Read: Govt to implement one country-one gold price from Kashmir to Kanyakumari soon