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Paytm shares cross Rs 1,955 IPO listing-day high after nearly five years; what's boosting investor confidence?

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GreyOak summary

Paytm shares surpassed their November 2021 IPO listing-day high of ₹1,955, reaching ₹1,960. This move followed preliminary RBI approval for Paytm Payments Services Limited to issue prepaid payment instruments. The subsidiary must complete a cybersecurity audit within six months to secure final authorization.

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