Digital payments firm Paytm has reported narrowing of consolidated loss to ₹1,704 crore for 2020-21, according to the company’s annual report. It had posted ₹2,943.32 crore loss in FY20. Total revenue of the company declined about 10% to ₹3,186 crore in FY21. Government of India has taken a series of measures to contain the spread of virus and limit economic impact on corporations and individuals. The authorized share capital of the company stood at ₹104.1 crore comprising over 10.41 lakh equity shares of ₹10 each.

Source: The Hindu June 05, 2021 18:30 UTC