Paytm shares jump over 3%, extending fourth straight day of gains. Here's why

Paytm shares rose sharply on Monday, extending their fourth straight session of gains after One97 Communications announced full ownership of three key group companies. One97 Communications has secured full ownership of Foster Payment Networks, Paytm Insuretech and PFSL by acquiring the remaining 9.99%, 67.55% and 51.22% stakes. With this, all three firms are now wholly owned subsidiaries.