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The board of Paytm’s parent One97 Communications Ltd. approved a proposal to buy back equity shares worth Rs 850 crore.The parent of the payments platform will repurchase 1.049 crore equity shares, representing 1.6% of the total paid-up share capital, according to an exchange filing. It will repurchase shares through the open market route at up to Rs 810 apiece. The maximum buyback price represents a 50% premium to Tuesday’s closing …
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