SEBI’s Nod To Paytm Money Opens New Avenues: Motilal Oswal

The brokerage firm Motilal Oswal believes that the greenlight from the market regulator will help Paytm diversify into wealth management, thus, potentially unlocking a “new stream of fee-based income”

It maintained its ‘neutral’ rating for Paytm and gave it a PT of INR 870.

Paytm’s shares saw selling pressure on March 19 due to outcry over the union cabinet’s incentive scheme for UPI transactions

Day after Paytm’s parent One97 Communications said that its wholly-owned subsidiary Paytm Money, received approval…