PAYTM

** India's Paytm PAYT.NS rises 2.4% to 950.7 rupees

** Payments firm's unit sets up subsidiary Paytm Singapore to work towards expanding co's payments, financial services in Singapore

** Avg rating on stock is "buy"; median PT is 950 rupees - data compiled by LSEG

** Stock down 7.4% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** India's Paytm PAYT.NS sheds 2.7% to 843 rupees in heavy volume

** Ant Group to sell 4% stake in Paytm at floor price of 809.75 rupees/shr, a 6.5% discount to Mon close

** Alibaba 9988.HK affiliate Ant holds 9.85% stake in the digital payments firm

** Nearly 12 mln PAYT shares traded in first 30 mins of trading, vs the 6-month daily moving avg of 7 mln

** Stock gained 4% on Mon in broad market rally, but is down 17% YTD

** Avg rating of 16 analysts on PAYT at "buy"; median PT is 950 rupees - data compiled by LSEG

(Reporting by Kashish Tandon in Bengaluru)

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Adds details, background paragraph 3 onwards

May 8 (Reuters) - Indian payments firm Paytm PAYT.NS and its founder and CEO Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.

As part of the settlement, Sharma has been prohibited from accepting fresh employee stock options (ESOPs) from any listed company for three years, while Paytm and Sharma each paid 11.1 million rupees ($129,884) each, SEBI said.

Last August, the SEBI determined that the grant of 21 million ESOPs to Sharma violated its rules governing share-based employee benefits. As per Indian rules, large shareholders who can influence company decisions cannot hold ESOPs.

Consequently, last month, Sharma had foregone these ESOPs and as a result, Paytm took a related 4.92 billion rupees one-time charge in the previous quarter.

Sharma owned a 14.7% stake in Paytm a year before the company went public in 2021. To become eligible for ESOP grants, he reduced his shareholding to 9.1% by transferring 30.97 million shares to Axis Trustee Services, which acted on behalf of the Sharma family trust.

Sharma's brother, Ajay Shekhar Sharma, also settled with SEBI in the same case by cancelling the stock options granted to him.

($1 = 85.4610 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)

(([email protected]; 8800437922;))

May 6 (Reuters) - India's Paytm PAYT.NS on Tuesday reported a wider sequential loss for the March quarter as one-time employee stock option costs weighed on earnings.

The digital payments firm posted a loss of 5.4 billion rupees ($64.03 million) for the three months ended March 31, compared with a loss of 2.08 billion rupees in the previous quarter.

Founder and CEO Vijay Shekhar Sharma gave up 210 million in employee stock options during the quarter, triggering a one-time expense of 4.92 billion rupees, which will reduce stock-option costs in future periods, the company had said in April.

($1 = 84.3370 Indian rupees)

(Reporting by Nishit Navin)

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April 30 (Reuters) - One 97 Communications Ltd PAYT.NS:

• PAYTM - PCTL INCORPORATED PAYTM ARAB PAYMENTS IN UNITED ARAB EMIRATES

• PAYTM - UNIT APPROVED SUBSCRIPTION AMOUNT OF AED 8 MILLION FOR ACQUISITION OF PAYTM ARAB SHARES

Source text: ID:nBSE5TCLCq

Further company coverage: PAYT.NS

(([email protected];))

Adds details, background paragraph 2 onwards

April 16 (Reuters) - India's Paytm PAYT.NS said on Wednesday founder and CEO Vijay Shekhar Sharma has foregone 21 million employee stock options granted to him, months after the country's markets regulator issued show-cause notices over violation of rules on grant of share-based employee benefits.

Last August, the Securities and Exchange Board of India (SEBI) determined that the grant of 21 million employee stock options (ESOPs) to Sharma violated its rules governing share-based employee benefits.

As per Indian rules, large shareholders with ability to influence company decisions cannot hold ESOPs.

Sharma owned a 14.7% stake in Paytm a year before the company's 2021 public filing. To become eligible for ESOP grants, he reduced his shareholding to 9.1% by transferring 30.97 million shares to Axis Trustee Services, which acted on behalf of the Sharma family trust.

SEBI had issued these notices to Sharma and other board members who held roles during Paytm's November 2021 IPO over alleged misrepresentation of facts.

(Reporting by Kashish Tandon in Bengaluru; Editing by Anil D'Silva and Tasim Zahid)

(([email protected]; 8800437922;))

April 2 (Reuters) - One 97 Communications Ltd PAYT.NS:

• ONE 97 COMMUNICATIONS LTD - PAYTM PARTNERS WITH GHMC TO DEPLOY 400 CARD MACHINES

Source text: ID:nBSEbTRRhQ

Further company coverage: PAYT.NS

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** Shares of Paytm PAYT.NS fall 4.6% to 727.80 rupees, One Mobikwik Systems ONEM.NS down 5% to 316.90 rupees

** India's union cabinet approved incentive of 15 bln rupees ($174 mln) for low-value UPI transactions between April 1, 2024 to March 31, 2025

** UPI is a real-time payment system to transfer money between bank accounts

** Brokerage Jefferies said government's incentives for low-value UPI transactions are half of last year's despite rise in such transactions

** Introduction of merchant charges (MDR) on UPI transactions could help Paytm in offsetting impact from reduction in UPI incentives, Jefferies says

** Paytm set to fall after gaining for three straight sessions, down ~28% YTD

** ONEM down ~45% in 2025

($1 = 86.2220 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of Paytm parent One 97 Communications PAYT.NS rise 6.2% to 731.45 rupees

** Fintech co's unit Paytm Money gets approval from Securities and Exchange Board of India to offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis

** The services will be integrated into Paytm Money app as part of research and advisory offering, co says

** Stock is rated the equivalent of 'hold' on average by 16 analysts, with PT of 876.25 rupees - data compiled by LSEG

** YTD, PAYT down about 28%

(Reporting by Vijay Malkar)

(([email protected];))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, March 10 (Reuters Breakingviews) - Walmart WMT.N is looking for a cashback too soon. The U.S. retailer is preparing a Mumbai listing of PhonePe, India's leading facilitator of consumer mobile phone-based payments. But a mooted $15 billion valuation looks punchy, and will draw unflattering comparisons to the disastrous initial public offering of Paytm-owner One 97 Communications PAYT.NS.

The Bentonville, Arkansas-based company picked up PhonePe as part of its 2018 purchase of Flipkart, a deal that valued the e-commerce rival to Amazon AMZN.O at $21 billion. The payments business emerged as a market leader, ahead of Alphabet's GOOGL.O Google Pay and smaller rival Paytm. Through India's Unified Payments Interface channel, PhonePe boasts 530 million customers and a 48% market share, equivalent to $137 billion worth of monthly transactions.

That may not justify an IPO valuation of 25 times sales for the year ended March 2024, however. The multiple is six times its top listed rival: Paytm debuted at 44 times sales in 2021 but the stock has crashed below its IPO price.

True, PhonePe is a superior business in some ways. It has a deep-pocketed American parent and none of the geopolitical worries Paytm suffers as a result of its Chinese backing. An affiliate of Ant Group, a Hangzhou-based financial firm, continues to own almost 10% of the company. PhonePe also has had less trouble with regulators than its rival.

Yet while revenue is growing quickly, PhonePe is unprofitable like Paytm despite slashing the incentives it offers to retain customers. The company generated a net loss of $134 million in the year ended March 2024, financial filings show. That is hard to reverse because New Delhi keeps fees on UPI transactions at zero and is committed to low-cost payments. The government compensates service providers but that is just 10% of PhonePe's revenue.

PhonePe can cross-sell products including consumer loans and insurance but the company could easily lose its edge in the payments market too if India implements a longstanding plan to cap the individual market share of UPI apps at 30% of overall transaction volume.

Minority investors in PhonePe may be impatient for an exit. Plus Walmart paid India about $1 billion in tax in 2022 to redomicile to the country from Singapore. But Indian investors are impatient with lossmaking companies and they will ask why Walmart is testing its luck when memories of the Paytm disaster remain so fresh, instead of waiting for its payments business to prove itself.

Follow @ShritamaBose on X

CONTEXT NEWS

Walmart-backed financial technology startup PhonePe plans to seek a valuation of up to $15 billion in an initial public offering in India, news website Moneycontrol reported on February 25, citing unnamed industry sources.

The digital payments firm is working with Kotak Mahindra Capital, JPMorgan, Citi and Morgan Stanley on the deal, the report addded.

(Editing by Una Galani and Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

** Paytm PAYT.NS slips as much as 3.3% to 702.80 rupees

** India's financial crime fighting agency says probe revealed co, units violated foreign exchange laws "to the tune of 6.11 bln rupees (~$70 mln)"

** PAYT says it is working to resolve matter in accordance with applicable laws, regulatory processes

** Stock dropped as much as 4.4% on Monday after co said it got show-cause notice from Enforcement Directorate for allegedly violating Foreign Exchange Management Act during 2015-2019

** Stock rated "hold" on avg; median PT is 950 rupees - data compiled by LSEG

** PAYT drops 29% YTD

($1 = 87.3620 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Adds details, background

March 3 (Reuters) - India's financial crime fighting agency said on Monday its investigation revealed that payment services provider Paytm PAYT.NS and its units had violated the country's Foreign Exchange Management Act to the tune of 6.11 billion rupees ($70.00 million).

The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).

Paytm had also received foreign direct investment from overseas investors without following proper pricing guidelines stipulated by RBI, the ED said.

Paytm's unit, Little Internet, had also received foreign direct investment without following the pricing guidelines stipulated by the RBI, while another unit, Nearbuy India, did not report the foreign direct investment within the stipulated time frame, the agency said.

"We are working towards resolving the matter in accordance with applicable laws and regulatory processes," a Paytm spokesperson said.

On Saturday, Paytm said the ED notice has no impact on its services to its consumers and merchants.

The ED notice and allegations come as the fintech company awaits a license for payment aggregation from the RBI to accept and disburse payments online.

In January 2024, the RBI had ordered Paytm's unit Paytm Payments Bank to stop accepting new deposits in its accounts or digital wallets, citing supervisory concerns and persistent non-compliance with rules.

($1 = 87.2860 Indian rupees)

(Reporting by Sethuraman NR and Siddhi Nayak; Editing by Mrigank Dhaniwala)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Removes extraneous word 'the' in paragraph 2

March 1 (Reuters) - India's Paytm PAYT.NS received a show cause notice from India's financial crime fighting agency on Saturday for allegedly violating the country's Foreign Exchange Management Act.

The notice relates to violations relating to the acquisition of two subsidiaries - Little Internet Private Limited and Nearbuy India Private Limited for the years 2015 to 2019, Paytm said in a statement.

This pertains to a period when these companies were not subsidiaries of Paytm, it said.

The notice has no impact on its services to its consumers and merchants, the company added.

(Reporting by Harshita Meenaktshi and Aditi Shah; editing by David Evans)

(([email protected];))

Feb 26 (Reuters) - One 97 Communications Ltd PAYT.NS:

• INDIA GOVERNMENT: DPIIT SIGNS MOU WITH PAYTM

Source text: [ID:]

Further company coverage: PAYT.NS

(([email protected];))

MUMBAI, Feb 20 (Reuters) - Walmart WMT.N-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country's stock exchanges, the company said on Thursday.

"PhonePe's strong top-line and bottom-line growth across its diverse business portfolio, as detailed in its FY23-24 annual report, makes this a suitable time to prepare for a public listing," the company said in a statement.

PhonePe, which was founded in 2016, turned a profit for the first time in fiscal year 2024, achieving a consolidated profit before the cost of employee stock options of 1.97 billion rupees, compared to a loss of 7.38 billion rupees in the previous year

Its revenue jumped 74% to over 50 billion rupees in the reporting period.

The Indian stock market saw a significant upswing for much of 2024, with many companies launching their IPOs, but a downturn since October has weighed on investor sentiment.

PhonePe, which moved its domicile to India from Singapore in October 2022, did not give a timeline for when it intends to float an initial public offering.

PhonePe is among the most widely used apps in India to make payments via India's popular unified payments interface (UPI). Its share of UPI payments stood at 48.4% in January 2025.

It has more than 590 million registered users over 40 million merchants. It processes over 310 million online transactions daily.

PhonePe's rival Paytm PAYT.NS, formally known as One97 Communications, filed for a 183-billion-rupee IPO in 2021.

Paytm was trading at 755.55 rupees per share at market close on Thursday, significantly down from its listing price of 1,950 rupees in 2021.

(Reporting by Siddhi Nayak; Editing by Tasim Zahid)

(([email protected]; x.com/siddhiVnayak;))

Feb 3 (Reuters) - One 97 Communications Ltd PAYT.NS:

• PAYTM CLOUD APPROVES USD 1 MILLION INVESTMENT IN SEVEN TECHNOLOGY LLC

• PAYTM CLOUD TO ACQUIRE 25% STAKE IN SEVEN TECHNOLOGY LLC

• SEVEN TECHNOLOGY, DINIE WILL BECOME ASSOCIATE ENTITIES

Source text: ID:nBSE1ZDRtg

Further company coverage: PAYT.NS

(([email protected];;))

Jan 27 (Reuters) - One 97 Communications Ltd PAYT.NS:

• PAYTM - RESIGNATION OF NAKUL JAIN, MANAGING DIRECTOR AND CEO OF PAYTM PAYMENTS SERVICES LIMITED

• PAYTM - JAIN HAS RESIGNED FROM HIS POSITION W.E.F. CLOSE OF BUSINESS HOURS ON MARCH 31, 2025 OR AN EARLIER MUTUALLY AGREED DATE

Source text: [https://tinyurl.com/2d8fz3n6]

Further company coverage: PAYT.NS

(([email protected];))

Jan 24 (Reuters) - One 97 Communications Ltd PAYT.NS:

• PAYTM CONFIRMS NO NEW NOTICE FROM ENFORCEMENT DIRECTORATE

• CONFIRM CO HAD FULLY COOPERATED WITH AUTHORITIES AND HAD COMPLIED WITH ALL THEIR DIRECTIVES

• CLARIFIES NO PROBE ON COMPANY OR SUBSIDIARIES, ED’S PROBE ON THIRD-PARTY MERCHANTS

Source text: ID:nBSE7ZV16n

Further company coverage: PAYT.NS

(([email protected];;))

BENGALURU, Jan 20 (Reuters) - Diary of India economic, corporate events on Jan. 20

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled', AMC - 'After market close'

(Compiled by Bengaluru Newsroom)

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Jan 17 (Reuters) - One 97 Communications Ltd PAYT.NS:

• SETTLEMENT ORDER IN THE MATTER OF ONE97 COMMUNICATIONS

• FORMER COMPLIANCE OFFIECER, DIRECTORS SETTLE WITH MARKETS REGULATOR FOR CERTAIN VIOLATIONS

Source text: [ID:]

Further company coverage: PAYT.NS

(([email protected];))

** Shares of Paytm PAYT.NS climb ~5% to 901.70 rupees

** Brokerage Emkay Global upgrades fintech firm to "Buy" from "Add", and raises PT to 1,050 rupees from 750 rupees

** Recent approval from the country's payments regulator NPCI to sign new UPI users eases a major regulatory overhang, says Emkay

** NPCI nod for new UPI users would help PAYT to rebuild monthly transacting users' base over the next 12-18 months - Emkay

** Adds, PAYT will also be able to cross retail financial products like insurance and loans, thereby improving per user revenue

** Stock has gained ~28% since getting the nod from NPCI in October 2024

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of India's Paytm PAYT.NS slide 7% to 913 rupees

** Co's UPI market share for Dec at 6.87%, little changed from Nov's 6.94% share, NPCI data showed

** In end-Oct, the payments firm received nod to onboard new UPI users after a nearly 10-month ban

** In the six sessions so far in 2025, PAYT has lost 10%; stock surged 60% in 2024

(Reporting by Hritam Mukherjee in Bengaluru and Jaspreet Kalra in Mumbai)

(([email protected];))

Dec 18 (Reuters) - Shares of India's MobiKwik ONEM.NS jumped 58% at pre-open in their market debut on Wednesday as investors bet on the fintech firm's prospects in the fast-growing online payments sector.

The stock listed at 440 rupees on the National Stock Exchange, compared to its offer price of 279 rupees.

MobiKwik's 5.72 billion rupee ($67 million) initial public offering (IPO) was subscribed nearly 120 times the 11.9 million shares on offer, garnering bids worth about $4.7 billion.

($1 = 84.9220 Indian rupees)

(Reporting by Nishit Navin; Editing by Sonia Cheema)

(([email protected];))

Dec 13 (Reuters) - Investors flocked to India's MobiKwik's ONEM.NS $67 million IPO with bids for about 120 times the shares on offer, betting on strong listing gains and the fintech company's prospects in a booming online payments market.

The initial public offering received bids for 1.4 billion shares, worth about $4.7 billion, compared to the 11.9 million shares on offer, exchange data showed at the end of the three-day sale on Friday. The issue was fully subscribed within an hour of opening on Wednesday.

MobiKwik's IPO, which only comprised new shares issue, was the heaviest subscribed since late September, when the domestic stock market started easing from its record highs.

Millions of Indians pay online for everything from groceries to flight tickets, aiding the business of financial technology firms, popularly known as fintechs, that ranges from offering loans to running payment gateway solutions.

Paytm, Walmart-backed PhonePe and Google Pay dominate India's online payments market. Consultancy firm PwC estimates the transaction value for the market to double to 593 trillion rupees in fiscal year 2028–29 from 265 trillion rupees in 2023–24.

Shares set aside for retail investors were booked 135 times, while the institutional buyers, including foreign institutions and mutual funds, placed bids for about 120 times their reserved shares.

Analysts said the MobiKwik stock was trading at around a 50% premium in the unregulated grey market, which is considered an indicator of listing day gains. The stock is likely to start trading on Dec. 18.

MobiKwik was targeting a $256 million valuation at the upper end of the 265-279 rupees price band.

Backed by India's Bajaj Finance BJFN.NS and Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, the fintech firm had shelved its plans to go public in 2021 after Paytm's disappointing debut that year.

($1 = 84.7690 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Shilpi Majumdar)

(([email protected]))

Updates bid details in paragraph 2, background on digital payments business, analyst comment in paragraphs 4-7, 12

By Chris Thomas and Sethuraman N R

Dec 11 (Reuters) - Indian financial technology firm MobiKwik's ONEM.NS 5.72 billion-rupee ($67.4 million) IPO was fully subscribed within the first hour on Wednesday as investors bet on the company's growth in a booming domestic online payments market.

Overall subscription was 3.4 times the 11.9 million shares that MobiKwik put on offer as of 1 p.m. IST, with retail investors bidding for more than 14 times their reserved shares and non-institutional investors for thrice their portion, exchange data showed.

MobiKwik, founded over a decade ago, sold shares worth 2.57 billion rupees on Tuesday to anchor investors including Norway's wealth fund Norges, HDFC Mutual Fund and Quant Mutual Fund. Its existing investors are not selling shares.

With smartphone use booming, millions of Indians make online payments for everything from groceries to flight tickets. That has opened the door for fintech firms to operate in a consumer-facing market, including offering loans as well as run payment gateway solutions, like MobiKwik does.

The value of digital payment transactions in India is expected to double to 593 trillion rupees in fiscal year 2028–29 from 265 trillion rupees in 2023–24, according to PwC.

Analysts said a strong grey market premium for MobiKwik's shares - which indicates how the stock could perform on listing day based on trades in the unregulated market - was attracting retail investors.

"The primary reason for a quick oversubscription is a strong grey market premium of about 50% to the issue price, a good listing pop is expected" said Arun Kejriwal, founder of Kejriwal Research.

The firm is taking bids from Dec. 11-13 in a price range of 265-279 rupees per share, targetting a 21.68 billion-rupee valuation. The stock is likely to start trading on Dec. 18.

India's IPO market has boomed in 2024 despite a brief blip in stock markets in recent months, with nearly 300 companies raising over $15 billion as of mid-November, more than double of last year, data compiled by LSEG showed.

MobiKwik had filed for a 19-billion-rupee IPO in July 2021 but shelved those plans after the dismal market debut of larger rival Paytm PAYT.NS that year. It has since slashed its IPO size by 70%.

Successful listings in the technology space, including that of food delivery platform Swiggy SWIG.NS, and a revival in Paytm's shares from lows is boosting sentiment, said Kranthi Bathini, director of equity strategy at WealthMills Securities.

($1 = 84.8540 Indian rupees)

(Reporting by Chris Thomas and Nallur Sethuraman in Bengaluru; Editing by Sonia Cheema)

(([email protected];))

** Shares of Paytm PAYT.NS rise 2.6% to 1,001.45 rupees

** The digital payments co's subsidiary One97 Communications Singapore to sell stock acquisition rights in Japan-based PayPay Corporation to SoftBank Vision Fund 2 entity for 23.64 bln rupees ($279.06 mln)

** Stock set to gain for a fifth session, if current trend holds

** PAYT stock up ~58%, YTD

($1 = 84.7140 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Dec 7 (Reuters) - ONE 97 COMMUNICATIONS:

• ONE 97 COMMUNICATIONS - PAYTM SINGAPORE TO SELL STOCK ACQUISITION RIGHTS IN PAYPAY TO SOFTBANK VISION FUND 2 FOR JPY 41.9 BILLION

Source text: ID:nBSEdXSB3

Further company coverage: 9984.T

(([email protected];))

** Shares of Paytm PAYT.NS jump 3% to 984.7 rupees, highest in over six weeks

** Paytm is close to finalising a $250 mln deal to sell its stake in Japan's PayPay Corp to SoftBank 9984.T, Moneycontrol reports

** Report says deal part of co's strategy to divest non-core assets, strengthen capital base, focus on scaling core payments business

** PAYT did not immediately respond to Reuters' request for comment

** As per June-qtr earnings statement, PAYT holds a 5.4% stake in PayPay

** Analysts' avg rating on PAYT is "hold", median PT is 700 rupees - LSEG data

** Stock up ~9% so far this week, extending YTD gains to ~55%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Paytm PAYT.NS gains 2.6% to 942.40 rupees, highest since October 2023

** UBS Research more than doubles PT to 1,000 rupees on hopes of digital payments firm regaining customers given most regulatory issues are resolved; retains "neutral"

** Expects FY26 rev to touch FY24's 99 bln rupees ($1.17 bln), with 35% growth in payments segment on spike in monthly transactional users

** Forecasts 46% rev growth in financial services segment in FY26 on continued merchant loan disbursement ramp-up along with First Loss Default Guarantee

** Sees adjusted EBITDA turning positive in Q4 FY25 on higher revenue, declining costs

** Stock rated "hold" on avg; median PT 700 rupees - LSEG

** PAYT up ~48% YTD

($1 = 84.4680 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Shares of Indian fintech firm Paytm PAYT.NS rise 2.7% to 836 rupees

** Bernstein hikes PT to 1,000 rupees from 750 rupees, the second-highest PT on stock; reiterates "outperform" rating- LSEG data

** In a bull case scenario, Paytm will lend partly from its own balance sheet and see improvement in payment margins, brokerage says in a note

** Adds that under the scenario, margins would approach pre-regulatory levels aided by return of products like wallets and increased adoption of credit products for UPI payments

** Expects 100% upside to its base case EPS estimates for FY30 if bull case plays out

** Avg rating of 15 analysts is a 'hold; the median PT has risen by 46% since Q2 results in October to 680 rupees - LSEG data

(Reporting by Ashna Teresa Britto in Bengaluru)

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