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Paytm shares fall 2% as PE funds offload stake in Rs 1,640-crore block deal: Report

Paytm’s parent One97 Communications slipped up to 2% to Rs 1,305 after a major block deal on Tuesday. According to a report, SAIF III Mauritius, SAIF Partners and Elevation Capital offloaded up to 2% of the company’s equity at a floor price of Rs 1,281, about 3.9% below Monday’s close. The sellers will also be subject to a 60-day lock-in.

Source :- Markets-Economic Times Read More

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