Indian payments firm Paytm announces $103 million share buyback

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BENGALURU (Reuters) – SoftBank-backed Indian digital payments firm Paytm on Tuesday announced a share buyback worth up to 8.5 billion Indian rupees ($103.06 million), to shore up its collapsing stock price.

($1 = 82.4740 Indian rupees)

(Reporting by Nallur Sethuraman, Chris Thomas and Anirudh Saligrama in Bengaluru)

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Indian payments firm Paytm announces $103 million share buyback

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