The Adani Group on Wednesday firmly refuted a media report claiming it was planning to acquire a stake in digital payments company Paytm. The report suggested that the Adani Group was in discussions with Paytm, which is owned by One 97 Communications Limited, to buy a stake in the fintech firm.
“We categorically deny this baseless speculation. It is totally false and untrue,” a spokesperson for the Adani Group stated.
Similarly, Paytm denied the rumors in a regulatory filing.
“We hereby clarify that the news item is speculative and the company is not engaged in any discussions in this regard,” Paytm asserted.
The company further emphasized, “We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.”
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