Paytm, once valued at nearly $20 billion, falls to $2.5 billion market cap

Shares of Paytm's parent company One97 Communications fell for a ninth straight session on Tuesday, closing at ₹333.85. With this, the company's market capitalisation has declined to ₹21,223 crore ($2.5 billion). In comparison, Paytm was valued at nearly $20 billion in 2021. Paytm shares have declined nearly 50% this year after RBI action on Paytm Payments Bank and top-level exits.