Paytm (PYTM) Stock Plummets 5% Following Resignation of President & COO Bhavesh Gupta
- Paytm’s share price fell by 5% on Monday following the resignation of the company’s President and COO, Bhavesh Gupta.
- Gupta cited personal reasons for his departure, which will be effective from the close of business hours on May 31, 2024.
- Paytm has announced the appointment of Rakesh Singh as the new CEO of Paytm Money and Varun Sridhar as CEO of Paytm Services Private Limited.
Paytm’s stock takes a hit following the resignation of its President and COO, Bhavesh Gupta. The company is reshuffling its leadership team, with new appointments announced.
Paytm’s Leadership Reshuffle
Paytm’s parent company, One97 Communications, confirmed in a regulatory filing that Gupta’s resignation has been accepted by the company’s board. Despite his departure, Gupta will continue to support the company as an Advisor in the CEO office after May 31, 2024. The fintech giant has appointed Rakesh Singh as the new CEO of Paytm Money and Varun Sridhar as CEO of Paytm Services Private Limited. The company stated that these changes are aligned with its ambition to build a large and profitable payment and financial services di... Read the full article for FREE at COINOTAG!
