Paytm shares tumble nearly 14% on second day

Nov 22, 2021 AlShorts Web Desk

Shares of Paytm's parent company, One97 Communications, continued to decline for the second day in a row on Monday. Paytm's market capitalisation has now slipped below INR1 trillion after tumbling nearly 14%. Shares made a weak market debut and tumbled over 27% from the issue price of INR2,150. Paytm launched India's largest-ever IPO on November 1 with a price band of INR2,080-INR2,150 a share.