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.
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