Paytm Stock Rises on Tax Relief

  Published 1 year ago

Paytm shares jumped 2.2% after India's Supreme Court halted tax proceedings related to a ₹57.12 billion notice against its gaming unit, First Games. This addresses taxes from 2018, 2023 and reduces Paytm’s year, to, date losses.

  • Court stays ₹57.12B tax notice for First Games.
  • Notice concerning taxes from January 2018 to March 2023.
  • Paytm YTD losses now at 15% after the gain.
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