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IPO

Paytm shares dive 27% after completing India's largest IPO

Stock plunge on debut causes headache for its backer SoftBank

A customer uses Paytm at a restaurant in New Delhi. (Photo by Kosaku Mimura)

BENGALURU/TOKYO -- Shares in Indian digital payments startup Paytm made an underwhelming debut on the local stock exchange on Thursday, plunging 27% from their issue price.

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