10 months, 1 week ago

Paytm hits 5% upper circuit for third consecutive session. Here's why

Paytm share price: Paytm parent One97 Communications shares hit a 5 per cent upper circuit today. This comes as a block deal involving 75.20 lakh shares, representing a 1.2 per cent stake in the company, took place on the exchanges. The block deal was worth a total of ₹296.30 crore and the average floor price of the transaction was also at a premium of 3.6 per cent, Moneycontrol reported. Paytm shares have been gaining since reports claimed that Adani Group chairman Gautam Adani might be considering acquiring a stake in Paytm's parent company, One97 Communications.

Hindustan Times

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