Paytm share price falls over 4% on block deal buzz
Paytm share price fell over 4% in early trade on Friday amid reports of a block deal in the stock. Paytm shares declined as much as 4.63% to ₹880.00 apiece on the BSE.
According to media reports, a large block deal took place in the shares of One 97 Communications, the parent company of fintech major Paytm.
Around 1.6 crore Paytm shares, or 2.56% of the equity, changed hands in the trade, reports said. The transaction took place at an average price of ₹884 per share taking the total deal value to ₹1,441 crore.
The details of the buyers and sellers of Paytm shares in the block deal are not available yet.
Paytm shares have seen a decent rally this yrea
At 9:30 am, Paytm shares were trading 2.35% lower at ₹901.10 apiece on the BSE.
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Updated: 24 Nov 2023, 09:32 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.