Goldman Sachs and others acquire stake in Paytm
after close1 source ↓written by the desknot a recommendation
- in One 97
- 1.34% stake
- ₹963 cr
- purchased
- 85.98 lakh shares
- each
- ₹1,120.65
Global financial institutions, including Goldman Sachs and Citigroup, acquired a 1.34% stake in One 97 Communications, the parent of Paytm, for ₹963 cr. The transaction involved 85.98 lakh shares purchased at an average price of ₹1,120.65 each. This move may enhance investor sentiment towards the fintech sector.
• Participating investors: Societe Generale, BNP Paribas, and others.
• Domestic investors include Sundaram Mutual Fund and Nippon India MF.
Not investment advice. For informational purposes only.