Paytm Money Receives Sebi Nod as Registered Investment Adviser

Financial services platform Paytm has announced that its wholly-owned subsidiary, Paytm Money, has received approval of market regulator Securities and Exchange Board of India (SEBI) to become a registered investment advisor.

The nod from Sebi will allow the company to roll out investment and wealth management products to consumers across the country.

Source- The Livemint
Static/Current Takeaways Important for Exams-
  • Paytm is run by One97 Communications Ltd.
  • Vijay Shekhar Sharma is the founder of One97 Communications.
  • One97 Communications in all now have six companies under its umbrella including Paytm, Paytm Money, Paytm Mall and Paytm Payments Bank.