paytm share price today

Shares of Paytm's parent company One97 Communications saw a major decline on Thursday.

Shares of Paytm fell 10 per cent in Thursday morning trade.

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Paytm shares fell 10 per cent to Rs 541.30 on the BSE after a weak opening.

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Paytm shares were trading down 9.98 per cent at Rs 541.40 on the NSE.

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Paytm shares took a beating after SoftBank started the process of selling

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its 4.5 per cent stake in One97 Communications for about $200 million (about Rs 1,627 crore).

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SoftBank made the decision soon after the lock-in period for trading the shares was over.

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Let us tell you that SoftBank is the second largest shareholder in Paytm with 17.5 per cent stake.

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SoftBank expects to raise around $200 million at the lower end of the price band of Rs 555.

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Why is SoftBank selling its stake

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Shares of Paytm's parent company One97 Communications saw a major decline on Thursday.

Shares of Paytm fell 10 per cent in Thursday morning trade.

Paytm shares fell 10 per cent to Rs 541.30 on the BSE after a weak opening.

Paytm shares were trading down 9.98 per cent at Rs 541.40 on the NSE.

Paytm shares took a beating after SoftBank started the process of selling

its 4.5 per cent stake in One97 Communications for about $200 million (about Rs 1,627 crore).

SoftBank made the decision soon after the lock-in period for trading the shares was over.

Big loss to shareholders

Let us tell you that SoftBank is the second largest shareholder in Paytm with 17.5 per cent stake.

Big loss to shareholders

SoftBank expects to raise around $200 million at the lower end of the price band of Rs 555.

Why is SoftBank selling its stake

Why is SoftBank selling its stake