Paytm IPO Scandal: SEBI Points Discover to CEO, Board

New Delhi: The Securities and Trade Board of India (SEBI) has issued a present trigger discover to Paytm founder Vijay Shekhar Sharma. The present trigger discover has been issued to Vijay Shekhar Sharma, founding father of One 97 Communications Restricted (Paytm’s mother or father firm) and board members who served throughout its IPO in November 2021, for allegedly misrepresenting info. This discover pertains to alleged non-compliance of promoter classification norms by Vijay Shekhar Sharma. The report mentioned that the Reserve Financial institution of India has given inputs for investigation.