Paytm Shares Down Nearly 5% After COO Bhavesh Gupta’s Resignation

Shares of Paytm’s parent entity One97 Communication dropped nearly 5% in the first hours of trading on Monday (May 6) to INR 351.70. This comes after Paytm’s president and chief operating officer Bhavesh Gupta stepped down from the company last week. Gupta cited personal reasons for tendering his resignation while Paytm attributed the move to a company-wide organisational restructuring.