Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from clampdown by the central bank.
Paytm fell to 487 Indian rupees, or $5.88 within minutes of the market opening, the lowest it has hit in 55 weeks. Paytm shares also fell 20% on Thursday. Paytm, which currently has a market cap of $3.73 billion, has lost $2.1 billion in its market cap in two days.
More to follow.
