Paytm Buyback Capital Return To Shareholders, Says Advisory Firm

“We strongly disagree with the approach of speculating on the drivers and outline of a buyback without waiting for the outcome of a board decision. While tabling a proposal for a buyback, the company has ensured that there is surplus liquidity, which means that all cash requirements are adequately budgeted. The management is confident of strong operational performance and remains focused on building long-term value for its shareholders,” a Paytm spokesperson said .