** Paytm PAYTM slips as much as 3.3% to 702.80 rupees** India's financial crime fighting agency says probe revealed co, units violated foreign exchang
** Paytm 
PAYTM slips as much as 3.3% to 702.80 rupees
** India’s financial crime fighting agency says probe revealed co, units violated foreign exchange laws “to the tune of 6.11 bln rupees (~$70 mln)”
** PAYT says it is working to resolve matter in accordance with applicable laws, regulatory processes
** Stock dropped as much as 4.4% on Monday after co said it got show-cause notice from Enforcement Directorate for allegedly violating Foreign Exchange Management Act during 2015-2019
** Stock rated “hold” on avg; median PT is 950 rupees – data compiled by LSEG
** PAYT drops 29% YTD
($1 = 87.3620 Indian rupees)
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