Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications
French banking behemoth Societe Generale bought over 67 lakh shares worth Rs 720 crore in Paytm parent One 97 Communications via a couple of bulk deals on Tuesday where Ant Group affiliate Antfin (Netherlands) Holding B.V. made a complete exit from the company, selling 5.84% stake that represented over 3.72 crore shares.
Societe Generale purchased these shares at a price of Rs 1,067.50 a piece, above the floor price of Rs 1,020. The floor price was at a 5.4% discount over the Monday closing price.
