Paytm shares rise 4% after ₹2,949 crore block deal
after close1 source ↓written by the desknot a recommendation
- surged
- 3.78%
- following
- ₹1,604.90
- block deal
- ₹2,949 crore
- the acquisition
- 1,92,10,110 equity shares
- in the firm
- 3% stake
Shares of One97 Communications, parent of Paytm, surged 3.78% to ₹1,604.90 following a ₹2,949 crore block deal by institutional investors, including SBI Mutual Fund and Goldman Sachs. The transaction involved the acquisition of 1,92,10,110 equity shares, representing a 3% stake in the firm. This activity may boost investor sentiment in the fintech sector.
Not investment advice. For informational purposes only.