Will Paytm ever recover?

Hi Everyone! I want to know about Paytm. I read, in February, six mutual funds completely divested their holdings in One97 Communications Ltd, the company behind Paytm, while six others significantly reduced their positions.

In total, mutual funds sold over 91 lakh shares of Paytm, amounting to Rs 380 crore. This decision was prompted by a substantial decline in the stock price attributed to regulatory interventions by the RBI.Presently, Paytm shares are held by 18 mutual funds, with a combined value of Rs 1,426 crore. This marks a decrease from January, when 24 mutual funds held shares valued at Rs 3,384 crore.

Will Paytm ever recover? can anyone guide?