Paytm shares: Mobile services and digital payment platform Paytm shares today declined drastically due to a major block deal. Under this block deal, 1.7 crore shares of Paytm i.e. 4.1 percent equity have been transacted. Who did this shopping and selling, has not been revealed but the Alibaba Group’s subsidiary Antphin was about to lighten its stake. Due to this block deal, Paytm shares fell 5 per cent to Rs 823.10 in Intra-Day. It is currently down by 2.36 per cent to Rs 845.90 due to lower -level purchases.
On which price of Paytm shares was done?
One of the second largest shareholder of One 97 Communications, Atiphin, was to sell 4 per cent of her 9.85 per cent stake. The floor price for this block deal was fixed at Rs 809.75 per share, that is, according to the floor price, this deal is about Rs 2 thousand crore. Paytm founder Vijay Shekhar Sharma now holds more than 9.05 per cent stake in Paytm’s founder after Antaphyn’s stake is lighter. However, indirectly Vijay Shekhar Sharma holds a 10.24 per cent stake through foreign entity resile asset management. Restient had a 10.3 per cent stake in Paytm from Antphin itself and with this purchase it became the company’s largest shareholder. The deal was issued by optionally convertible debentures and there was no cash transaction in it. At the time of this deal, Paytm shares were around ₹ 850- ₹ 890.
How was the move of shares in a year?
Paytm shares were at Rs 331.45 on 15 May 2024 last year, which is a one -bottom level of its shares. In seven months from this lower level, it jumped 220.71 per cent to Rs 1063 on 17 December 2024, which is a one -year record high for its shares. However, the shares stopped here and currently it is more than 20 per cent downside from this record high.
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