India's Paytm falls for second day after debut debacle


FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave/File Photo

BENGALURU (Reuters) - Digital payments firm Paytm fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India's biggest initial public offering last week.

Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the offer price of 2,150 rupees. On the listing day on Nov. 18, they crashed more than 27%.

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