After a clarification from Paytm on media reports that Adani Group Chairman, Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in Paytm, the Adani Group today denied such reports and termed them false and untrue.
"We categorically deny this baseless speculation. It is totally false and untrue," a spokesperson of Adani Group told news agency ANI.
Earlier fintech company Paytm termed the report "speculative".
Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this regard.
"...We hereby clarify that the above-mentioned news item is speculative and the Company is not engaged in any discussions in this regard," the filing read.
"We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."
A newspaper, quoting unnamed sources, had reported that Adani Group chairman Gautam Adani is looking to buy a stake in One 97 Communications, the parent company of Paytm.
The report claimed that Paytm founder and CEO Vijay Shekhar Sharma met Gautam Adani at the latter's office in Ahmedabad on Tuesday to "finalise the contours of a deal". Now both companies have denied the report and called it speculative, baseless and untrue.
According to the news report, Mr Sharma owns about 19 per cent of One 97, which is worth Rs 4,218 crore based on the stock's Tuesday closing price of Rs 342 per share.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
Featured Video Of The Day
Where Will Chandrababu Naidu, Pawan Kalyan Find Funds For Welfare Schemes?
Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises SEBI Issues Show Cause Notice To Hindenburg, Nathan Anderson Over Adani Report Thales Inks Pact With Adani Defence To Manufacture 70mm Rockets In India 116, Including Children, Killed In Stampede At Religious Event In UP Guru Behind UP 'Satsang' Claimed He Worked For Intelligence Bureau In Middle Of Lok Sabha Speech, PM Mourns Hathras Dead, Shouting MPs Silenced Delhi University PG 2024 Round 2 Seat Allotment Results Released "Incredible": US Vlogger Says She Is "Blown Away" By India's Healthcare System 132-Seater Bus, Food And Hostesses: Nitin Gadkari's Pilot Project For Nagpur Track Latest News Live on NDTV.com and get news updates from India and around the world.