💨 Abstract

Paytm owner One97 Communications' shares recovered from early losses to close 2% higher on March 3, following reports of an Enforcement Directorate (ED) notice for alleged FEMA rule violations by the company and its two subsidiaries. The alleged breach pertains to investment transactions in the period when the subsidiaries were not owned by One97 Communications. The matter is being addressed, and services to consumers and merchants remain unaffected.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖