Image Credits: Dhiraj Singh / Bloomberg / Getty Images Reliance Industries spinoff Jio Financial Services said Monday evening that it is not negotiating with Paytm to acquire its wallet business, quashing “speculative” media reports as the Noida-headquartered firm scrambles to put out a fire from the central bank’s clampdown last week. The Hindu Business Line …
Jio Financial Services “has not been in any negotiations” to acquire Paytm’s wallet business, it said in a clarification to the exchanges after reports stated that the Mukesh Ambani-led financial services provider was in talks to acquire Paytm wallet. Reliance Industries Limited chairman Mukesh Ambani. (AFP) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “We have always made and …
Fintech giant Paytm, on Monday, clarified that it is not in talks with any company to sell its wallet business. Amid media speculations about the sale of the Paytm wallet business to Mukesh Ambani’s Reliance-owned Jio Financial Services, a Paytm source has confirmed that the company is not in consultation with anyone for the sale, …