The Adani Group on Wednesday denied any talks of a stake purchase in Paytm parent One97 Communications Ltd.
This clarification followed a media report claiming that Paytm CEO Vijay Shekhar Sharma met Gautam Adani in Ahmedabad on Tuesday to finalise the contours of a deal.
It is totally false and untrue,” an Adani Group spokesperson said.
Earlier, Vijay Shekhar Sharma's Paytm also clarified that these updates were merely speculative and that no such discussions were taking place.
"We have always made and will continue to make disclosures in compliance with our obligations under SEBI," Paytm stated in an exchange filing.
The Adani Group on Wednesday denied any talks of a stake purchase in Paytm parent One97 Communications Ltd.
This clarification followed a media report claiming that Paytm CEO Vijay Shekhar Sharma met Gautam Adani in Ahmedabad on Tuesday to finalise the contours of a deal. Another report suggested that Adani was looking to enter the payments space and was negotiating with West Asian funds to secure their investment in Paytm's operator.
“We categorically deny this baseless speculation. It is totally false and untrue,” an Adani Group spokesperson said.
Earlier, Vijay Shekhar Sharma's Paytm also clarified that these updates were merely speculative and that no such discussions were taking place. "We have always made and will continue to make disclosures in compliance with our obligations under SEBI," Paytm stated in an exchange filing.
