News > Uday Kotak sets record straight after Twitter user blames him for Paytm freefall

Uday Kotak sets record straight after Twitter user blames him for Paytm freefall

Economic Times | 22/11/2021 08:03 PM | Click to read full article

A Twitter user Harshad Shah wrongly directed his criticism at Uday Kotak, chief executive and managing director of Kotak Mahindra Bank. At 1.53 pm he posted, “@udaykotak please take responsibility for wrong pricing of #Paytam IPO and reward them to compensate [for] the losses.”

“Mr Shah, please get your facts right. Kotak did not lead manage Paytm. Kotak did lead manage Zomato at issue price 76 (current market price 150), Nykaa at issue price 1125 (current market price 2100),” Kotak posted back at 2.50 pm.

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