Shares of Paytm jumps over 3% to hit 52-week high, market valuation rises by Rs 1,986 crore

Shares of One97 Communication, which owns the Paytm brand, on Monday jumped over 3 per cent on the bourses after the company approved the sale of stake in Softbank group’s fintech firm PayPay Corporation.

The shares of the company rose over 3 per cent to hit its 52-week high of Rs 1,007 each on the BSE and NSE.

As the company’s shares touched a 52-week high, the market valuation of Paytm rose by Rs 1,986.32 crore to Rs 64,109.58 crore.