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One 97 Communications LimitedOthers, 13-01-2025: News Verification

13-01-2025 | 04:36 pm

One 97 Communications Limited has clarified a misleading report regarding its lending activities. The article claiming that Paytm resumed lending with two partners and was negotiating with Muthoot Finance was originally published on April 2, 2024, and republished without new information. The company emphasized its ongoing partnerships for distributing merchant and personal loans and acknowledged onboarding new partners as part of its normal operations. This clarification is likely to foster a neutral impact on investor sentiment, as the company maintains transparency in its lending partnerships while ensuring compliance with disclosure requirements.

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