Paytm Block Deal: Vijay Shekhar Sharma linked entity may have offloaded 3% stake

Paytm shares are in focus after a large block deal involving One97 Communications, the parent company of Vijay Shekhar Sharma-led Paytm. Around 1.92 crore shares, or nearly 3% of the company’s equity, changed hands at Rs 1,535 per share in the block deal window, taking the transaction value to about Rs 2,949 crore.

But what is behind the large transaction? Also, does it signal a change in Paytm’s ownership structure? Let’s take a look.