- One97 Communications, the firm that owns Paytm, had its stock drop by about 10% on Thursday after SoftBank, a shareholder, reportedly sold 29.5 million shares, or 4.5% of the company, in a block transaction.
- The shares of the corporation fell to its lowest level since July 26.
- On the National Stock Exchange, Paytm’s stock was down 8.66% at ₹ 549.35 per share as of 12:30 p.m.
Following news of SoftBank’s equity sale, Paytm’s stock declines by around 10%.
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