Telecom company Airtel owner Sunil Bharti Mittal may change the days of Paytm in the coming days. According to the news, Airtel Payments Bank may be merged with Paytm Payments Bank. What is the full news…
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Telecom company Airtel is rapidly expanding its network in 5G technology. (Airtel) owner and industrialist Sunil Bharti Mittal Sunil Bharti Mittal to paytm now Paytm Need a share in It is reported that he wants a stake in the company by merging his Airtel Payments Bank with Paytm’s Payments Bank business.
Quoting sources having information about this, it has been said in media reports that Sunil Bharti Mittal has made up his mind to do a share deal to merge Airtel Payments Bank with Paytm Payments Bank. Not only this, he is also willing to buy shares of Paytm from other shareholders.
What will be the deal between the two?
Talks have started between the two companies at the initial level, but sources say that this deal may not be possible. Because of this, the stock price of Paytm is seeing improvement since the record low level of November. They have increased by 40 percent so far.
Paytm has indicated to make profit in 2022-23. At the same time, after adding new customers, it has reduced its losses. At the same time, a Paytm spokesperson says that the company is focusing on its organic growth. He is not involved in any such conversation. At the same time, Airtel has refused to make any comment in this regard.
Paytm brought the biggest IPO
At one point of time, Paytm has been the most valuable startup in the country. When the company brought its IPO in November 2021, till then it was the largest IPO in the country. However, at the time of listing in the stock market, a decline of more than 20 percent was registered in the company’s stock. Whereas Airtel Payments Bank has 12.9 crore registered customers. Airtel Payments Bank has started making profit in the financial year ending March 31, 2022 itself. While Paytm is still grappling with losses.