Deal at an average price of Rs 823.10 per share
China’s giant Finance Technology Company Ant Group on Tuesday sold its 4 percent stake in the Indian Fintech Company One 97 Communications for Rs 2103 crore. The deal took place through open market transactions. According to BSE data, the well-known industrialist Jack Ma’s Ant Group has its colleague Entfin Netherland Holding B.K. Through V. through two different wholesale deals, Paytm’s parent company sold more than 2.55 crore shares i.e. 4 percent stake in One 97 Communications in Noida.
Goldman Sachs bought 37.35 lakh shares of Paytm
Ant Group was earlier known as Ant Financial. It is the company of Alibaba Group in China. The shares were settled at Rs 823.30-826.04 per share. Thus, the total deal was Rs 2103.74 crore. After this transaction, the stake in Paytm of Antphin Netherlands Holding has come down from 9.85 percent to 5.85 percent. Meanwhile, Investment Banking company Goldman Sachs, through its unit Goldman Sachs (Singapore), purchased 37.35 lakh shares i.e. 0.59 percent stake in Forest 97 Communications for Rs 307.43 crore.
Deal at an average price of Rs 823.10 per share
Goldman Sachs bought the stock at an average price of Rs 823.10 per share. Information about other buyers of Paytm stock is not yet received. Let us tell you that on Tuesday, Paytm shares closed at Rs 856.55 with a decline of 1.13 percent (Rs 9.80) on BSE. On Monday, Paytm shares closed at a level of Rs 866.35 in the stormy boom in the Indian market. But, today the company’s shares opened with a decline at a price of Rs 849.00.
Paytm shares are moving towards 52 weeks high
During trading on Tuesday, Paytm shares reached Intrade Low of Rs 823.10 to Intrade High of Rs 863.75. The company’s shares are gradually reaching their 52 weeks close to high. The 52 weeks of Paytm shares are Rs 1063.00, while its 52 week is 331.45 rupees. According to BSE data, Paytm’s current market cap is Rs 54,634.65 crore, one of India’s popular digital payment apps.
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