India, Aug. 13 -- The Securities and Exchange Board of India (SEBI) has issued a show cause notice (SCN) to the key managerial personnel (KMP) of fintech major Paytm over alleged violations of disclosure norms.

In a filing with the exchanges, the fintech giant said that the notice, dated August 11, pertains to the timing of an announcement in December 2023. The company also said that the SCN questions the classification of the announcement as an unpublished price sensitive information.

". We wish to inform you that the Company's Key Managerial Personnel. have received a (an) SCN. from the Securities and Exchange Board of India ("SEBI") regarding the timing of disclosure of certain information and its classification as unpublished price ...