Business News
1 min read | Updated on February 12, 2024, 11:50 IST
SUMMARY
Independent director at its banking arm having resigned. Manju Agarwal resigned from the board of Paytm Payments Bank on Feb 1 citing personal commitments
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Paytm independent director resigns
"We hereby submit that our associate entity, Paytm Payments Bank Limited (PPBL), has informed us that Ms. Manju Agarwal, Independent Director resigned from the Board of PPBL on February 01, 2024, due to her personal commitments which was noted by PPBL Board on February 06, 2024.", Paytm said in an exchange filing today after the media reported of the resignation on Friday.
In the exchange filing, the company further said, “We hereby submit that PPBL is our associate entity and this event is not deemed material for the Company and does not impact the operations / business of the Company, as per the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”).”
The Paytm stock today opened higher and was trading at ₹423.65 around 11:30 am.
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