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India's Paytm falls on report of markets regulator's show-cause notice



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** Paytm PAYT.NS drops as much as 9%

** Indian markets regulator SEBI issues show-cause notices to PAYT founder Vijay Shekhar Sharma and board members who served during co's IPO in 2021, Moneycontrol reports

** Notice related to Sharma’s alleged non-compliance with promoter (large shareholder) classification norms

** SEBI and Paytm did not immediately respond to Reuters' request for comment

** PAYT last down nearly 5%, taking YTD losses to 17%


(Reporitng by Nishit Navin)

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