Paytm founder Vijay Shekhar Sharma gets emotional on BSE listing day
Mumbai : Paytm founder Vijay Shekhar Sharma turned emotional during his address at the Bombay Stock Exchange, or BSE, on the day when his company made a debut on share market.
In the video, he was seen wiping his tears as he addressed a gathering in a hall in BSE.
Mr Sharma had founded Paytm back in 2010. The company received a push when it came in partnership with ride-hailing firm Uber. The company received its major push in 2016 when digital payments got a major boost after demonetization announced by PM Modi.
Paytm's success has turned Mr Sharma, a school teacher's son, into a billionaire with a net worth of $2.4 billion, according to Forbes. Its IPO has also minted hundreds of new millionaires in the country.
Meanwhile, on its debut day in share market, the Paytm share fell by 21%, valuing the Ant Group-backed digital payments firm at around ₹ 1.11 trillion.
Shares were changing hands at ₹ 1,705 in early morning trade versus the offer price of ₹ 2,150.