Paytm shares jump 10% on investment approval
Shares of Paytm parent One 97 Communications hit a high of ₹508.85 on the BSE.
Shares of Paytm parent One 97 Communications hit a high of ₹508.85 on the BSE.
On Wednesday, Paytm shares declined as much as 4.6% to hit an intraday low of ₹825.35 on the BSE.
Alibaba Group subsidiary Antfin is looking to sell 3.6% stake in Paytm through a block deal today at a floor price of ₹880.10 per share.
The company said that this will have “no material impact” on business and revenues since the company continues to provide services to its existing online merchants.