Indian regulator pulls up Paytm founder, director for alleged IPO breaches: report

Indian regulator pulls up Paytm founder, director for alleged IPO breaches: report

FILE PHOTO: Paytm founder and CEO Vijay Shekhar Sharma delivers a speech during his company's IPO listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai, India, November 18, 2021. REUTERS/Niharika Kulkarni/File Photo

India’s markets regulator has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm’s November 2021 IPO over alleged misrepresentation of facts, Moneycontrol reported on Monday.