Mapping out Paytm's financial pathway in a scenario in which it remains a dominant digital payments player for the next 10 years, Damodaran argues that even with favorable assumptions, a justifiable valuation of equity would be around $19.6 billion.source https://economictimes.indiatimes.com/industry/banking/finance/paytm-rightfully-worth-less-than-20-billion-says-nyu-valuation-professor/articleshow/86781258.cms
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