Paytm reports that on December 13, the board would consider a share repurchase proposal

Paytm, a provider of digital financial services, announced that its board will meet on December 13,2022, to discuss a proposal for a share repurchase, which may be advantageous for the company's shareholders given its liquidity position. According to its most recent financial report, Paytm has a liquidity of Rs 9,182 crore. The liquidity of a corporation is assessed by its capacity to turn assets into cash.

The company's board of directors will meet on December 13, 2022, to discuss a proposal for the buyback of its fully paid-up equity shares, according to a BSE filing from Paytm. The management feels that a buyback may be advantageous for our shareholders given the current liquidity and financial situation of the company, according to the filing.

The company stated that it aims to become cash flow positive in the upcoming 12 to 18 months in its recent analyst meeting, where it also identified significant growth drivers. Paytm was allotted its shares at Rs 2,150 each, valuing the firm at Rs 1.39 lakh crore, but it began trading at Rs 1,950 each when it went public in November 2021.

On the BSE, the stock finished at 508.4 per share on Thursday, down 0.28 percent from the previous session, after reaching an all-time low of Rs 441 last month.

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