One 97 Communications Limited — Others, 24-01-2025: News Verification

One 97 Communications Limited has clarified media reports regarding a probe by the Enforcement Directorate (ED) associated with a crypto scam, which suggested the company was under investigation and that Rs 500 crore had been frozen. The company states that no new notices or queries have been received from the ED, and the reports are misleading. The inquiry pertains to independent third-party merchants for whom the company provides payment processing services, not the company or its subsidiaries. This clarification should reassure investors by mitigating immediate concerns surrounding potential regulatory risks, fostering a more positive outlook.