Paytm will make their share buyback, know the date of IPO

In today's business, the shares of digital payment services company Paytm are witnessing a strong growth.

On 8 December the company's stock gained 7 per cent to reach Rs 544.

The stock had closed at Rs 508 on Thursday.

In the next week board meeting the company will decide to make share buyback.

At that time the company had fixed an upper price band of Rs 2150 for the IPO, while the stock was listed at Rs 1955 on the BSE.

Company is in the mood for share buyback once a year of its IPO.

The company's board will consider the share buyback offer on December 13 this year.

Considering the cash position with the company, the idea is to bring this proposal.

According to the report, currently Paytm has a liquidity of Rs 9,182 crore.