The fate of Vijay Shekhar Sharma, the founder of Paytm, a digital payment service provider, is going to be decided today. Shareholders are going to decide on many issues through voting at the company's AGM on Friday. There is also an issue of this whether Vijay Shekhar Sharma will continue his work as the CEO of the company or not. It is being said that the shareholders of the company can remove Vijay Shekhar Sharma from the post and hand over this responsibility to a new person. Let us inform you that in the past, a proxy advisory firm had advised Sharma to be removed from the post for not being able to profit from the loss of the payment service provider company.
Paytm became a nightmare for investors
The IPO of Paytm, which has a strong identity as a tech startup in India, turned out to be a nightmare for investors. Investors have suffered losses of up to 60 percent since the issuance of the IPO. Paytm's IPO was the biggest in the country. People invested money by trusting it, but the company could not live up to the trust of the investors. Last month, the company's founder and CEO Vijay Shekhar Sharma, 44, said that Paytm would become the first company in India to generate $1 billion in annual revenue. He had said that gradually the company will start moving towards profit. Before the listing of the company, Sharma claimed many times that the company is turning profitable, but his claim has not been true till now.
These companies have made a big investment in Paytm
According to media reports, Antfin Netherlands Holding BV., SoftBank Group Corporation, and Canada Pension Plan Investment Board have made major investments in Paytm (One 97 Communications Ltd.). It is worth noting here that out of a dozen analysts tracking Paytm's stock, 6 have given a buy rating to its stock, while 3 have given it hold and only 3 have a sell it.
The campaign to boycott Turkey and Azerbaijan for supporting Pakistan during Operation Sindoor is
US President Joe Biden on Sunday called the leaders of France, Germany, and the United Kingdom an
Delhi Chief Minister and Aam Aadmi Party national convenor Arvind Kejriwal, who is
Madhavi Raje Scindia, queen mother of the Gwalior royal family and mother of Union Minister Jyoti
Jawan Collection Day 4 Worldwide: Atlee Kumar's Bollywood directorial film 'Jawan' has created ha
Union Minister of State for External Affairs Kirti Vardhan Singh has left to oversee the relief o
The Shanghai Cooperation Organization (SCO) meeting held in Samarkand city of Uzbekistan got a gl
India's young T20 star opener Abhishek Sharma praised Gautam Gambhir after the hosts defeated Eng
Jharkhand High Court said- 15-year-old Muslim girl is free to marry of her choice
Jharkhand High Court Justice SK Dwivedi's bench has said that under the Muslim Personal Law, a Mu
Arvind Kejriwal government of Delhi has made a big announcement. Arvind Kejriwal's government wil
