Paytm slips 10% after nearly 6% equity changes hands on NSE via block deal

Till 09:22 am, around 38 million shares of Paytm had changed hands on the NSE, the exchange data shows

Shares of One97 Communications, which operates India's largest payments platform Paytm, slipped 10 per cent to Rs 541.40 on the National Stock Exchange (NSE) in Thursday's intra-day trade after nearly 6 per cent equity of the company changed hands on the exchange via block deals.

Till 09:22 am, around 38 million shares, representing 6 per cent equity capital of Paytm, had changed hands on the NSE, the exchange data shows.

While the names of the buyers and sellers could not be ascertained immediately, a Business Standard report said SoftBank planned to offload 29 million shares in One97 Communications.