Paytm share price down again

Know Paytm Share Price: The stock price of One 97 Communications (Paytm) has fallen nearly 10 percent to its lowest since May this year

The share price of this fintech company has gradually decreased since the market opened this morning

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The stock fell by Rs 52.95 or 8.82 per cent to Rs 548.50 by 12:39 pm on Thursday

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SoftBank Group Corporation will sell its 4.5 percent stake or 2.9 crore shares in Paytm through a block deal on Thursday, a news agency reported

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The price band of this share will be 555 to 601 rupees. Softbank Group will get about USD 200 million or Rs 1628.9 crore through this sale this saleagency reported

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Thelower end of this price band will remain at a 7.74 per cent discount to Wednesday's closing price on BSEthis saleagency reported

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Shares of the fintech company were trading at Rs 601.55 on the Bombay Stock Exchange at the close of trading

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After a one-year lock-in period, pre-IPO investors will be able to sell shares in Paytm. This stock entered the market on November 18, 2021

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