New Delhi, May 29 (SocialNews.XYZ) The Adani Group on Wednesday categorically denied a media report which claimed that the company is going to acquire a stake in digital payments company Paytm.
A media report earlier claimed that the Adani Group was in talks with Paytm to acquire a stake in the fintech company, owned by One 97 Communications Limited.
“We categorically deny this baseless speculation. It is totally false and untrue,” said a spokesperson of the Adani Group.
In a stock regulatory filing, Paytm also denied any such move.
“We hereby clarify that the news item is speculative and the company is not engaged in any discussions in this regard,” said Paytm.
“We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” said the company.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz