Paytm dismisses speculation on potential stake acquisition by Adani Group

One97 Communications Limited, the parent company of Paytm, has denied being in any discussions with the Adani Group regarding a potential stake sale.

This statement follows a report suggesting that billionaire Gautam Adani was negotiating with Paytm CEO Vijay Shekhar Sharma to acquire a stake in the digital payments firm.

“With reference to the captioned subject, we hereby clarify that the above-mentioned news item is speculative, and the Company is not engaged in any discussions in this regard,” Paytm stated in a stock exchange filing.