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Jio Financial shares jump 15% on reports of acquiring Paytm's wallet business
Shares of Jio Financial Services jumped over 15% on Monday after reports claimed that Paytm's parent company One97 Communications is in talks with Jio and HDFC Bank to sell its wallet business. The news was first reported by The Hindu BusinessLine. Shares of Jio Financial hit fresh high of ₹295.70, whereas Paytm shares were locked at 10% lower circuit limit.
read more at Hindustan Times