Massive erosion of Rs 61,000 crore in two days in Paytm's stock
(Commercial Representative) MUMBAI: Investors in shares of Paytm-One3 Communications Ltd, an Indian financial technology giant and mobile payments company, are doomed. Investing in the company's stock has proved to be a huge loss-making business. In just two days, investors' capital has eroded by as much as 9 per cent at one stage and finally eroded more than Rs 21,000 crore. It may be mentioned here that after the extraordinary erosion of investors' capital in Paytm's shares, the company was seen in an attempt to stop the erosion in the stocks by announcing its business results for the month of October 2021 only yesterday. But investors and players did not like this. With this, in just two days, the market capitalization, that is, the assets of investors, has come down by Rs 21,000 crore to the bottom of Rs 215 crore. The IPO of the company had a market capitalization of Rs 1,3,50 crore at a price of Rs 4,150 per share. Paytm do ... Paytm do ... The situation is ge