According to a report by PRIME Database, Paytm shares worth Rs 7,441 crore were offloaded by foreign investors in the December quarter, making it the top sell by FIIs in the quarter gone by. Their holding value in Paytm s parent company, One97 Communications, dropped to Rs 25,706 crore from Rs 33,148 crore at the end of the third quarter.
Paytm parent company One97 Communication s share price rose 10 percent, rising for 2nd straight session, amid reports that the firm s founder Vijay Shekhar Sharma met FM Nirmala Sitharaman to discuss the RBI s restrictions.