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It held a 17.5% stake in Paytm in September 2022 later it trimmed its ownership through multiple open market deals. After this sale, the company s stake in Paytm’s parent One97 Communications went down to 2.83 percent from 5.01 per cent earlier. ....
Paytm share price: The counter's 14-day relative strength index (RSI) came at 57.40. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-earnings (P/E) ratio of 29.46 against a price-to-book (P/B) value of 4.45. ....
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. ....
News agency PTI reported on Sunday that the board of Paytm has granted the firm in-principle approval to raise around Rs 22,000 crore through an initial public offer (IPO). ....