On December 13, new age fintech company One97 Communications which operates Paytm, announced the board’s approval for share buyback worth Rs 850 crore, just a year after the company went public on November 18, 2021. The company will be buying back shares at a price not exceeding Rs 810, a 50 percent premium over that day’s closing price of Rs 539.50. The company’s directors as well as key management personnel will not sell any shares during the buyback period.