Paytm Recoups Losses After Bank Licence Cancellation
One 97 Communications shares stabilized on Monday after the central bank revoked the licence of its associate firm. Analysts expect minimal financial impact.
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Shares of ONE 97 COMMUNICATIONS LTD experienced a volatile trading session in India on Monday as investors reacted to the central bank's decision to cancel the license of its associate banking unit. While the stock initially plummeted by 8.4%, marking its steepest intraday decline in over three months, it recovered significantly by midday to trade just 1.5% lower.
