Paytm Stock Soars 3% After Rs 328 Crore Equity Trade

One 97 Communications Ltd (Paytm) reportedly witnessed a significant transaction as 0.8% of its equity stake was sold for approximately Rs 327.8 crore.

According to a report by CNBC TV18, around 47.2 lakh Paytm shares exchanged hands at an average price of Rs 701 per share.

Following this large trade, Paytm’s stock price surged, reaching Rs 713.2 on the NSE, a 4% increase from its previous close of Rs 690.

The company’s market capitalization now stands at approximately Rs 45,400 crore.