Paytm’s share price fell more than 4% in early trade on Friday amid reports of a block deal in the stock. Paytm shares fell as much as 4.63% to ₹880.00 a piece on the BSE.
According to media reports, a big block deal has taken place in the shares of One 97 Communications, the parent company of fintech major Paytm.
About 1.6 crore equity shares, or 2.56% of the equity, changed hands in the trade, CNBC-TV18 reported. The transaction took place at an average price of ₹884 per share taking the total deal value to ₹1,441 crores.
At 9:30 am, Paytm shares were trading 2.35% lower ₹901.10 each on the BSE.
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Updated: 24 Nov 2023, 09:32 IST