Indian digital payments company Paytm's share price plunged for the second time in a row on Monday, following the company's trading debut this week. The sale erased millions of dollars for investors who had invested in the company's oversubscribed $2.44 billion initial public offering in the month. the largest Indian IPO to date.


After dropping 27% below its price of issue in the Bombay Stock Exchange and the National Stock Exchange on Thursday, the company's share fell another 12.5 percent over the course of Monday. The shares were listed to INR 1369 ($18.4) in the afternoon session in the afternoon, a decrease from the initial price of INR 2,150 ($28.85) for each share. Indian markets were shut on Friday as a result of the public holiday.