Big revelation regarding the deal between Paytm and Jio
After the Reserve Bank of India (RBI) banned Paytm, people are afraid whether their money will be safe or not. Meanwhile, there is talk that industrialist Mukesh Ambani's Jio Financial Services Limited can buy Paytm's wallet business. But now the truth has been revealed on this news.
Paytm's owner company One97 Communications and Jio Financials have given their clarification regarding this matter. Although there is talk of HDFC Bank saving Paytm, but no confirmation has been made by the bank in this regard.
Jio Financial said this
Jio Financial Services, the company of billionaire industrialist Mukesh Ambani, made it clear on Monday that it is not in favor of any kind of talks with One97 Communications regarding purchasing 'Paytm Wallet'.
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In the details given to the stock market, Jio Financial Services Limited said that all the news going on in the media regarding this are all speculations. We are not involved in any such talks.
Paytm also gave its clarification
Meanwhile, Paytm has also given clarification regarding this matter. The stock markets had also asked for clarification regarding this. Paytm has said in an official statement that the talk of any kind of deal with Jio Financial is fabricated. There is no basis for this and it is factually incorrect.
It is noteworthy that RBI has banned the services of Paytm Payments Bank. Payments Bank cannot accept any new deposits, while there is a ban on adding new customers since March 2022. RBI has given time till February 29 to the customers of Paytm Payments Bank to spend their money.
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