Paytm shares surge 5% to 52-week high as RBI grants payment aggregator licence to subsidiary

Paytm Share Price: Paytm's parent company, One 97 Communications, saw its shares surge by 4.8% to a new 52-week high following the RBI's in-principle authorization for its subsidiary, PPSL, to operate as an online payment aggregator. The RBI's approval is contingent upon PPSL adhering to specific guidelines and undergoing a comprehensive system audit.