Decoding News - Paytm Buyback of shares
Paytm Share buyback: What should retail investors do?
On December 13, 2022, the board of directors of Paytm approved the proposal for the buyback of the company's shares at ₹810 per share, over a premium of 50% on recent trading price of ₹540 a share. The board also made it clear that Paytm's share buyback won't exceed ₹850 crore.
Paytm IPO was launched on 8th Nov 2021 @ ₹ 2150 per share.
In this video let us understand:
a) What are the details of Paytm buyback?
b) What is the meaning of share buyback?
c) What should investors do?
d) Learnings for investors while investing in IPO to avoid losses.
Please feel free to comment below the video for any queries.