Cash burn at Paytm has largely been arrested and the EBITDA doesn’t correctly justify the esop cost. Attaching both below to help make my case.
![Screenshot 2024-02-16 at 8.31.58 AM](https://forum.valuepickr.com/uploads/default/original/3X/0/7/070c979cf19a6a3d5c1d0db9a26f92dff65939af.png)
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Cash burn at Paytm has largely been arrested and the EBITDA doesn’t correctly justify the esop cost. Attaching both below to help make my case.
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