Bengaluru, June 12 -- The shares of the Midcap company, specializing in providing digital payment and financial services, commerce, and cloud services to consumers and merchants in India, declined upto 10 percent after the Finance Ministry denied plans to reintroduce the Merchant Discount Rate (MDR) on UPI transactions.

With a market capitalization of Rs. 58,272.95 crores on Thursday, the shares of One 97 Communications Ltd declined by upto 10 percent, making a low of Rs. 864.20 per share compared to its previous closing price of Rs. 960.20 per share.

The shares of One97 Communications, the parent company of Paytm, plunged by up to 10 pecrent on June 12, 2025, marking their biggest single-day drop since February 2024. This sharp decline...