Indian monetary companies agency Paytm stated Thursday night it’s contemplating repurchasing its shares, following a tremulous yr that has seen its inventory worth fall by over 60%.

In a inventory change submitting, Paytm stated it can contemplate a proposal to buyback the absolutely paid-up fairness shares of the corporate and focus on it in a gathering with board on December 13.

“The management believes that given the company’s prevailing liquidity/ financial position, a buyback may be beneficial for our shareholders. The outcome of the Board meeting will be disseminated to the stock exchanges after conclusion of the Board meeting on December 13, 2022, in accordance with the applicable provisions of the SEBI Listing Regulations,” it stated within the submitting.

(More to observe)