There can be a big upsurge in Paytm Share Price in Thursday's trading session.
According to media reports,
Japanese giant SoftBan
k Group, invested in Paytm, may s
ell $ 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 e
nding 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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