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Paytm shares tumble as SoftBank sells $200 million-worth stake

Tokyo-headquartered SoftBank Group Corp on Thursday sold a 4.5 per cent stake in Indian digital payments giant Paytm through block deals for $200 million, following which a sharp fall in Paytm's shares was reported. The stock is being sold in a range of ₹555 to 601.45 per share, according to a term sheet reviewed by Reuters.

The developments come a day after the lock-in period for investors in Paytm's November 2021 initial public offering closed. Paytm shares fell by over 9 per cent on news of the trade. ....

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Retail Investors' Stake In Paytm More Than Doubles

Paytm owner One97 Communications on Thursday posted a shareholding update which showed that retail shareholders have more than doubled their stake in the company. ....

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Paytm  asked to clarify steep fall in share price

BSE said it has sought clarification from ‘One 97 Communications’ on 22 March 2022 with reference to the significant movement in price, in order to ensure that investors have the latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded ....

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Paytm IPO investors lose $900 million in two days as India's biggest listing flops

Owner of mobile-payments company went public last week, selling equivalent of $2.46 billion worth of shares ....

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'Valuation lies in the eyes of money-holder,' says Vijay Shekhar Sharma ahead of Paytm's $2.4 bn IPO

Sharma countered the overvaluation hype by saying that his management has sought the lowest possible valuation. ....

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