Paytm, whose price band has been revised to 10 per cent from 20 per cent, was locked at Rs 438.35, down 10 per cent.

Following two successive days of 20% losses in Paytm, stock exchanges have reduced the lower circuit limit to 10%.

— Crystal Lambert

One97 Communications Ltd is an Indian multinational technology company, headquartered in Noida.

According to RedSeer, it has the largest payments platform in India with a gross merchant value of Rs 4,033 billion in the financial year 2021.

According to its annual 2021 report, One97's revenue from operations dropped 14% to Rs 2,802 crore for FY 2021.

However, losses narrowed to Rs 1,701 crore during this year, compared to Rs 2,942 crore loss reported in the fiscal year 2020.

One97 Communications reduced losses by 28% to Rs 2,833 crore in the FY 2019-20.

Its overall expenses were reduced by 20% in 2019-20 to Rs 5,861 crore compared to Rs 7,254 crore in 2019-18. Its revenue also declined 1% to Rs 3,350 crore in FY20.

— Crystal Lambert