February 22, 2024 20:26 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi inaugurates 9th edition of Raisina Dialogue in Delhi, his Greece counterpart calls India a 'great power' | NHRC sends notices to Bengal Chief Secy, DGP on Sandeshkhali incidents, seeks reports within 4 weeks | ED grills TMC MP Dev for 8 hours in cattle smuggling case in Delhi | ED grills TMC MP Dev for 8 hours in cattle smuggling case in Delhi | BJP is weakening democracy, suppressing voice of Dalits: Rahul Gandhi
Vijay Shekhar Sharma reappointed MD & CEO of Paytm Vijay Shekhar Sharma
Image Credit: wikipedia.org

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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.