The Enforcement Directorate (ED) issued a Rs 611 crore show cause notice to One 97 Communications Limited (OCL), Paytm’s parent, for Foreign Exchange Management Act (FEMA) violations on March 03, 2025. The notice targets OCL and subsidiaries Little Internet and Nearbuy India for unreported foreign investments from 2015-2019. This major move dents investor trust, likely pressuring Paytm’s stock. Past regulatory woes in 2024 add to the challenge, hinting at tough times ahead for growth.
