Mumbai, May 10 -- The stock slipped 10.49% in the past six trading sessions to end at Rs 333.30 on yesterday, from its recent closing high of Rs 372.35 recorded on 30 April 2024.

The company denied media reports suggesting its lending partners invoking loan guarantees due to repayment defaults.

"Paytm acts as a distributor of loans, and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners. Therefore, the article's claims about invoking loan guarantees due to repayment defaults by our partnered lenders are inaccurate," the company stated in exchange filing.

The company said that it continues to collaborate with multiple banks and NBFCs, ensuring a diversified lending partnership network whi...