Paytm’s Board Shoots Down Proposal To Issue Bonus Shares

Fintech major Paytm’s board has voted against a proposal to issue bonus shares. In a filing with the exchanges, the fintech giant said that its board has decided not to proceed with the proposal “at this time”. Paytm’s board, after evaluating the plan, noted that the company should rather continue its focus on further compounding growth and profitability for shareholder value creation.