Report on acquiring a stake in Paytm totally false: Adani Group

The Adani Group on Wednesday categorically denied a media report which claimed that the corporate goes to accumulate a stake in digital funds firm Paytm.

A media report earlier claimed that the Adani Group was in talks with Paytm to accumulate a stake in the fintech firm, owned by One 97 Communications Limited.

“We categorically deny this baseless hypothesis. It is totally false and unfaithful,” stated a spokesperson of the Adani Group.

In a inventory regulatory submitting, Paytm additionally denied any such transfer.

“We hereby make clear that the information merchandise is speculative and the corporate shouldn’t be engaged in any discussions in this regard,” stated Paytm.

“We have at all times made and can proceed to make disclosures in compliance with our obligations underneath the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” stated the corporate.

(With inputs from IANS)