Paytm will buy back up to 10.5M shares worth ~$103M at a 50%+ premium to the December 13 closing price, seeking to convince investors of a path to profitability (Chloe Cornish/Financial Times)

Chloe Cornish / Financial Times:

Paytm will buy back up to 10.5M shares worth ~$103M at a 50%+ premium to the December 13 closing price, seeking to convince investors of a path to profitability  —  Board of lossmaking Indian payments company votes in favour of repurchase just a year after it launched India’s biggest IPO

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