Douglas Feagin, who was the nominee of China's Ant Group<\/a> on the board of One 97 Communications, the parent entity of Noida-based fintech company Paytm<\/a>, has resigned from his position of non-executive non-independent director with effect from Thursday, according to stock exchange filings. 道格拉斯Feagin,谁是中国的候选人蚁群97年董事会一个通信、父实体的Noida-based fintech公司Paytm已经辞去非执行董事诱致性的位置由周四,据证券交易所备案。
Feagin serves as the senior vice-president of the Ant Group, the financial services affiliate of Chinese e-commerce giant Alibaba<\/a>.
Ant Group holds 24.86% stake in One 97 Communications.
\"Paytm’s journey to achieving profitable financial services of scale in India has been inspiring. In recognition of the company’s growth as a publicly-listed company and the maturity of the business, at the request of the nominating shareholder, I hereby resign from my position as a director on the board of directors of Paytm. I remain confident in Paytm’s management team and wish for their continued success,\" Feagin wrote in his resignation letter dated February 2.
Feagin also served on the nomination and remuneration committee of the board of One 97 Communications, as well its stakeholder relationship committee. He had joined the Paytm board in June 2021, prior to the company's initial public offering. He replaced Ant Group chairman and CEO Jing Xiandong.
Last month, the Alibaba Group sold 19.2 million shares in One 97 Communications, representing a 3% stake, for Rs 1,031 crore. Now, the Chinese internet<\/a> conglomerate holds a 6.26% stake in the company.
At Friday noon, shares of Paytm traded 2.91% lower on the BSE at Rs 529.90. The announcement of Feagin's resignation has come on the day Paytm will declare its quarterly earnings for the three-month period ended December 31, 2022.
For the September-quarter, the company has reported a net loss of Rs 571.5 crore for the July-September quarter, widening from Rs 473.5 crore in the same period last year. Revenue from operations had jumped 76% in the quarter ended September 30 to Rs 1,914 crore, mainly on account of a surge in loan disbursals.
Paytm shares<\/a> were listed in November 2021 at Rs 1,950 apiece, a 9% discount to the issue price of Rs 2,150. The Rs 18,300-crore IPO was launched in early November with a price band of Rs 2,080 to Rs 2,150 per share.
In March last year, Paytm had informed the exchanges that SoftBank<\/a>'s Munish Varma, along with his alternate director Vikas Agnihotri, had stepped down from the board of the company. Sources aware of the development had said this was in line with SoftBank's policy of stepping down from the boards of portfolio companies once they go public.
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Feagin作为蚂蚁集团的高级副总裁,中国电子商务巨头的金融服务联盟阿里巴巴。
一个97通信蚂蚁集团持有24.86%的股份。
“Paytm旅程实现规模盈利的金融服务在印度一直鼓舞人心。识别公司的增长作为一个上市公司和业务的成熟,在提名股东的要求,本人辞去我的职务Paytm的董事在董事会。我仍然相信在Paytm的管理团队,希望他们继续成功,“Feagin辞职2月2日的来信中写道。
上个月,阿里巴巴集团出售了1920万股97通讯,代表3%的股权,为1031卢比。现在,中国互联网集团拥有该公司6.26%的股份。
在星期五中午,Paytm股票交易在疯牛病Rs 529.90低2.91%。宣布Feagin辞职当天已经Paytm将宣布其季度业绩截至12月31日的三个月,2022年。
季度,该公司净亏损571.5卢比的7 - 9月一季,扩大从去年同期的473.5卢比。业务收入已经在截至9月30日的季度增长了76%,达到了1914卢比,主要的贷款支出激增。
Paytm股票被列在2021年11月以每股1950卢比,9%的折扣问题2150卢比的价格。价值18300卢比的IPO是11月初的价格带Rs 2080至每股2150卢比。
去年3月,Paytm已经通知的交流软银Munish Varma,连同他Vikas Agnihotri候补董事,公司从董事会辞职。来源清楚的发展曾表示这是在与软银的政策从董事会辞职的投资组合公司一旦上市。
Douglas Feagin, who was the nominee of China's Ant Group<\/a> on the board of One 97 Communications, the parent entity of Noida-based fintech company Paytm<\/a>, has resigned from his position of non-executive non-independent director with effect from Thursday, according to stock exchange filings.
Feagin serves as the senior vice-president of the Ant Group, the financial services affiliate of Chinese e-commerce giant Alibaba<\/a>.
Ant Group holds 24.86% stake in One 97 Communications.
\"Paytm’s journey to achieving profitable financial services of scale in India has been inspiring. In recognition of the company’s growth as a publicly-listed company and the maturity of the business, at the request of the nominating shareholder, I hereby resign from my position as a director on the board of directors of Paytm. I remain confident in Paytm’s management team and wish for their continued success,\" Feagin wrote in his resignation letter dated February 2.
Feagin also served on the nomination and remuneration committee of the board of One 97 Communications, as well its stakeholder relationship committee. He had joined the Paytm board in June 2021, prior to the company's initial public offering. He replaced Ant Group chairman and CEO Jing Xiandong.
Last month, the Alibaba Group sold 19.2 million shares in One 97 Communications, representing a 3% stake, for Rs 1,031 crore. Now, the Chinese internet<\/a> conglomerate holds a 6.26% stake in the company.
At Friday noon, shares of Paytm traded 2.91% lower on the BSE at Rs 529.90. The announcement of Feagin's resignation has come on the day Paytm will declare its quarterly earnings for the three-month period ended December 31, 2022.
For the September-quarter, the company has reported a net loss of Rs 571.5 crore for the July-September quarter, widening from Rs 473.5 crore in the same period last year. Revenue from operations had jumped 76% in the quarter ended September 30 to Rs 1,914 crore, mainly on account of a surge in loan disbursals.
Paytm shares<\/a> were listed in November 2021 at Rs 1,950 apiece, a 9% discount to the issue price of Rs 2,150. The Rs 18,300-crore IPO was launched in early November with a price band of Rs 2,080 to Rs 2,150 per share.
In March last year, Paytm had informed the exchanges that SoftBank<\/a>'s Munish Varma, along with his alternate director Vikas Agnihotri, had stepped down from the board of the company. Sources aware of the development had said this was in line with SoftBank's policy of stepping down from the boards of portfolio companies once they go public.
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