Paytm Money Gets Research Analyst Certification From SEBI

SUMMARY

The approval allows Paytm Money to provide SEBI-compliant research services, which include investment insights, research reports and data-driven analysis.

These services will be integrated into the Paytm Money app as part of a broader research and advisory offering

Shares of Paytm rallied following the disclosure. At 10:37 AM, the stock was trading 4.78% higher at INR 721.75 on the BSE

Fintech giant Paytm’s investment tech subsidiary Paytm Money has received the approval from the Securities and Exchange Board of India (SEBI) to operate as a registered research analyst.

In an exchange filing today, Paytm parent One97 Communications said, “ … Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a certificate of registration as a research analyst by SEBI under the SEBI (Research Analysts) Regulations, 2014.”