Paytm target slashed by Macquarie on regulatory woes | TechCrunch

Macquarie dramatically cut its 12-month price target on parent company of digital payments firm Paytm .

The analyst group, led by Suresh Ganpathy , wrote in a note Tuesday that it believes Paytm will see a sharp reduction in revenues.

At 275 rupees, Paytm ’s market cap would have shrunk to about $2.1 billion .