Paytm share price falls 5% after likely 8.6 million-share block deal
Paytm share price today: One 97 Communications, the parent company of Paytm, saw its shares slump 5% in trade on Friday, 22 May, to the day’s low of ₹1,110 apiece, after 8.6 million shares, or 1.3% of its outstanding equity, changed hands in a block deal window.
The buyers and sellers, however, were not immediately known. On Monday, Mint reported that Saif III Mauritius Co. Ltd., Saif Partners India IV Ltd., and Elevation Capital V Ltd. were looking to offload holdings in the fintech major.
