Paytm's market cap falls below ₹50,000 cr as shares hit record low

The market capitalisation of Paytm's parent One97 Communications fell below ₹50,000 crore on Monday as the company's shares hit record low of ₹751. Paytm's market capitalisation stood at ₹48,785 crore as its shares ended 4.15% lower on the NSE on March 7. Paytm made its stock market debut in November 2021 and its shares have declined nearly 65% since then.