Paytm nears record low, down 13% as anchor investor's lock-in period ends

The company had allotted 38.30 million equity shares to anchor investors at Rs 2,150 per share

Shares of One97 Communications, the parent company of digital payments major Paytm, slipped 13 per cent to Rs 1,297.70 on the BSE in Wednesday’s intra-day trade as the mandatory one-month lock-in period for anchor investors expired today, December 15, 2021.

The stock was trading close to its record low of Rs 1,271.25 touched November 22, 2021. India's leading digital ecosystem for consumers and merchants had made stock market debut on November 18, 2021. It was down 40 per cent from its issue price of Rs 2,150 per share. The stock hit a record high of Rs 1,961.05 on November