March 27, 2023 00:27 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Karnataka scraps 4 pct quota for OBC Muslims, now divided between two categories | Congress calls for 'systematic opposition unity' after Rahul Gandhi's disqualification | 'Centre so scared': Arvind Kejriwal on Rahul Gandhi's disqualification from Lok Sabha | 'Fighting for India's voice, ready to pay any price': Rahul Gandhi on disqualification from Lok Sabha | Rahul Gandhi disqualified from Lok Sabha after court conviction over Modi surname remark
Vijay Shekhar Sharma reappointed MD & CEO of Paytm Vijay Shekhar Sharma
Image Credit:

Vijay Shekhar Sharma reappointed MD & CEO of Paytm

India Blooms News Service | @indiablooms | 22 May 2022, 02:50 pm

Paytm founder Vijay Shekhar Sharma has been reappointed MD and CEO of the fintech company for five years, the company said in informed the exchanges on Saturday.

Sharma's next innings in the role will start on December 19, 2022.

Madhur Deora, the Chief Financial Officer of the company, has been appointed as an Additional Director w.e.f. May 20, 2022, for a period of five years, the company added in the same notification.

The Board of Directors of One 97 Communications in a meeting on Friday approved the proposal to invest up to Rs 950 crore in Paytm General Insurance Limited (PGIL) in tranches, over a period of 10 years and to hold upfront equity stake of 74 percent, the company said in a separate release.

One 97 Communications is the parent company of Paytm.

After the investment, PGIL will become a subsidiary of One 97 Communications.

On Friday, One97 Communications said its loss widened to Rs 762.5 crore in the fourth quarter of Fy22 from Rs 444.4 crore a year earlier. For the financial year 2022, it posted a consolidated loss of Rs 2,396.4 crore for the fiscal year 2022.