Paytm shares drop 5 pc

Shares of One97 Communications, the owner of the Paytm brand, declined 5 per cent on Tuesday morning trade amid reports that financial Services company Ant Group is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in the fintech firm.

The stock dropped 4.99 per cent to Rs 823.10 on the BSE.

At the NSE, it tanked 4 per cent to Rs 830.55.

Ant Group is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in One97 Communications, according to sources.