Goldman Sachs leads ₹964 cr stake acquisition in Paytm
pre-market1 source ↓written by the desknot a recommendation
- in One 97
- 1.34% stake
- ₹964 cr
- purchased
- 85.98 lakh shares
- each
- ₹1,120.65
Global financial institutions, including Goldman Sachs, have acquired a 1.34% stake in One 97 Communications, the parent company of Paytm, for ₹964 cr. The transaction involved 85.98 lakh shares purchased at an average price of ₹1,120.65 each, indicating strong institutional interest in the fintech sector.
This acquisition may enhance market confidence in Paytm, reflecting ongoing support from major investors and potentially stabilizing its stock performance.
Not investment advice. For informational purposes only.