Paytm's board will discuss a share repurchase proposal on December 13th

9 Dec 2022 , 09:37 AM

Paytm, a provider of digital financial services, announced that its board will meet on December 13 to discuss a proposal for a share purchase that may be advantageous for its shareholders while also taking into account the company’s liquidity position.

According to its most recent earnings report, Paytm has Rs 9,182 crore liquidity. A company’s liquidity is determined by its capacity to convert assets into cash.

The company’s board of directors will meet on December 13, 2022, to discuss a proposal for the buyback of its fully paid-up equity shares, according to a BSE filing from Paytm.

The company’s revenue in the last quarter was Rs1,914 crore.