2
SUMMARY
The show cause notice relates to Paytm’s acquisition of Little Internet and Nearbuy India (erstwhile Groupon) between 2015 and 2019
Besides Paytm parent, the notice has also been issued to the two subsidiaries and “certain current and past directors and officers of the company and its two subsidiaries”.
Paytm said that there is no financial impact on the company, adding that it is seeking necessary legal advice and evaluating appropriate remedies to resolve the matter
The Enforcement Directorate (ED) has issued…
