Paytm arguments reports that Gautam Adani had equity talks with Vijay Shekhar Sharma. 'Speculative'

Paytm share price today: Shares of One 97 Communications (Paytm) rose 5% today (May 29) after it was reported that Gautam Adani is interested in acquiring a stake in the company. The Vijay Shekhar Sharma-led fintech firm stated that the allegations are hypothetical and that the company is not in talks with the Adani group. Paytm released a clarification on the bourses, saying, "We hereby clarify that the aforementioned news item is speculative and the Company is not engaged in any discussions in this regard." "We have always made and will continue to make disclosures in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015." According to the Times of India, Gautam Adani is considering buying a share in Paytm's parent firm. He met with Vijay Shekhar Sharma at his Ahmedabad office to finalise the details of a trade, according to the article. According to persons familiar with the matter, Adani was negotiating with West Asian funds to secure their