There can be a big upsurge in Paytm Share Price in Thursday's trading session.

According to media reports, Japanese giant SoftBank Group, invested in Paytm, may sell $ 200 million worth of shares of Paytm's parent company One97

It is believed that this block deal is possible at a price of Rs 555 to 601 per share

The lower band price fixed for the block deal is 7.79 per cent lower than Wednesday's closing price of Rs 601.45

SoftBank holds 17.45 per cent stake in Paytm. After this block deal, SoftBank's stake will come down to 12.9 per cent

The lock-in period for investors who invested in Paytm before the pre-IPO period is ending on November 18, 2022

Paytm's stock is currently trading 72% below its IPO price of Rs 2150

Paytm had brought its IPO and on November 18, 2021

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