Paytm CEO Vijay Shekhar Sharma briefly fell off the list of billionaires on Wednesday, according to Forbes' data, amid volatility in the stock's price movement.
Shares of One97 Communications, the parent firm of digital payments platform Paytm, have crashed about 70 percent since its listing on November 18 last year.
The company had a very weak debut on the bourses as its shares were listed at Rs 1,950 per unit, a 9 percent discount over the IPO issue price of Rs 2,150, on the NSE. On the BSE, the listing price was Rs 1,955 a share.
Grappling with multiple bouts of volatility in about four months, the financial services firm saw its stock hitting 52-week low of Rs 572.75 on the BSE on March 16.
Its 52-week high was 1,961.05, hit on November 18 last year. The stock has plunged about 68.5 percent from its all-time high.
Meanwhile, on Wednesday, Paytm shares were trading at 5.16 percent higher at Rs 622.95 in late morning deals on the BSE.
