News > Paytm denies being in talks with Jio Financial Services to sell wallet business

Paytm denies being in talks with Jio Financial Services to sell wallet business

Jio Financial Services clarified reports which the company said were speculative. Paytm said, "We have not been in any negotiations in this regard. We have been informed by Paytm Payments Bank Limited (PPBL), our associate company, that they also have not been in any negotiations in this regard." Paytm shares were up 5.5 per cent at Rs 462.70 on the Bombay Stock Exchange on Monday. Paytm shares had fallen in the last few sessions after RBI restrictions.