iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Paytm drops 10% as almost 6% of its equity is traded in a block sale at NSE

17 Nov 2022 , 02:47 PM

In intraday trade on Thursday, shares of One97 Communications, which runs the most significant payments platform in India, Paytm, fell 10% to Rs 541.40 on the National Stock Exchange (NSE). Through block trades, over 6% of the company’s equity was traded on the exchange.
According to exchange data, up until 9:22 am, about 38 million shares, or 6% of Paytm’s equity capital, had changed hands on the NSE. The international IT investor planned to execute block agreements on Thursday to issue shares in Rs. 555 and Rs. 601.45. The share sale’s floor price is almost 8% less than Paytm’s Wednesday closing price of Rs. 601.6. The one-year post-IPO lock-up period on Paytm shares has now ended, shortly before the share sale.
Currently, the price of Paytm shares is 75% less than their IPO price of Rs 2,150 per share. In November 2021, Paytm released an IPO worth Rs 18,300 crore. On May 12, 2022, the stock dropped to an all-time low of Rs 511.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Buzzing Stocks
  • loss
  • market
  • news
  • Paytm
  • stocks
  • Top losers
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Benchmark Indices Close on a Positive Note
14 Jun 2024|03:39 PM
Sensex and Nifty Surge
14 Jun 2024|01:47 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.