Morgan Stanley Invests Rs 244 Cr in Paytm Despite Regulatory Troubles
• Morgan Stanley buys 0.8% stake in Paytm parent One 97 Communications for Rs 244 crore • Acquired 50 million shares at Rs 487.2 per share via open market • Comes after RBI barred Paytm Payments Bank from offering banking services • Paytm stock locked in 20% lower circuit for second day • Brokerages downgrade Paytm target price and recommendations • Business impact from governance and compliance concerns