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Paytm shares decline 2% after SEBI warning on related party transactions with payments bank
Paytm shares dropped 2% after SEBI's July 15, 2024, letter flagged FY 2021-22 transactions lacking required approvals. Paytm asserts compliance, operational stability, and transparency. SEBI demands corrective actions to ensure adherence to regulations. Paytm shares have fallen 30% year-to-date, and the company pledges to respond to SEBI and prevent future issues.