Paytm shares rise 4% after ₹2,949 crore block deal
pre-market1 source ↓written by the desknot a recommendation
- to a high
- 3.78%
- on the NSE
- ₹1,604.90
- block deal
- ₹2,949 crore
- in the fintech
- 3% stake
Shares of One97 Communications, parent of Paytm, surged 3.78% to a high of ₹1,604.90 on the NSE following a ₹2,949 crore block deal. Domestic and foreign institutional investors, including SBI Mutual Fund and Goldman Sachs, acquired a 3% stake in the fintech firm. This transaction signals strong institutional confidence in Paytm's growth prospects.
Not investment advice. For informational purposes only.