Paytm shares rise over 3%; Singapore arm set to sell stake in PayPay to Softbank Vision Fund 2 for Rs 2,364 crore

Paytm shares rose 3.1% to hit a fresh 52-week high of Rs 1,007 on December 09 after the company’s Singapore entity approved the sale of Stock Acquisition Rights in Japan’s Paypay to Softbank-based Vision Fund 2. The deal is for Rs 2,364 crore. The Paytm share is now 225% up from its 52-week low of Rs 310, which it touched on May 09, 2023. However, the current stock price is still 114% away from the IPO price.