Paytm Shares Rise as Paytm Money Receives SEBI Approval as Research Analyst
Shares of One 97 Communications, the parent company of Paytm, surged 3.6% to ₹713.50 on the BSE during Tuesday’s trading session. The rally came after Paytm announced that its wholly owned subsidiary, Paytm Money, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to operate as a registered Research Analyst.
SEBI Approval Opens New Opportunities for Paytm Money
In an official filing, Paytm confirmed that SEBI has granted Paytm Money a Certificate of Registration under the SEBI (Research Analysts) Regulations, 2014. This approval enables the company to offer SEBI-compliant investment research, market analysis, and expert insights tailored for both retail and institutional investors. The move is expected to strengthen Paytm Money’s position in the financial services sector, allowing it to provide data-driven investment strategies to its growing user base.
Regulatory Filing and Official Statement
Paytm’s disclosure stated:
“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a Certificate of Registration as a Research Analyst by the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014. The registration number for Paytm Money Limited as a Research Analyst is INH000020086.”
This milestone is expected to enhance Paytm Money’s capabilities in financial advisory and investment insights, further expanding its role in the fintech ecosystem.
Stock Market Impact and Industry Implications
Following the announcement, investor sentiment turned positive, driving Paytm’s stock higher. The move also aligns with Paytm’s broader strategy of expanding its footprint in financial services, including mutual funds, stock trading, and wealth management.
With SEBI approval in place, Paytm Money can now offer independent research reports, investment recommendations, and expert insights, which could attract more users looking for credible financial guidance. The approval could also place Paytm Money in direct competition with other well-established research firms and financial advisory platforms.
