One 97 Communications Ltd (Paytm) stock saw a large trade with 0.8 percent equity stake in the company being sold for as much as Rs 327.8 crore, reported CNBC TV18. About 47.2 lakh shares of Paytm changed hands at an average price of Rs 701 per share.
Paytm share price jumped immediately after the large trade, and was at Rs 713.2 on NSE, up about 4 percent from the previous close of Rs 690. The company’s market capitalisation is at about Rs 45,400 crore.
