One 97 Communications: BOFA Securities Europe, Morgan Stanley, Societe Generale select out 2.79% stake in Paytm. BOFA Securities Europe SA has received 50.26 lakh stocks withinside the Paytm operator, Morgan Stanley Asia Singapore PTE sold 60.03 lakh stocks, and Societe Generale – ODI bought 70.eighty five lakh stocks at a mean rate of Rs 555 according to share. They in overall sold Rs 1,half crore Paytm stocks thru open marketplace transactions. However, SVF India Holdings (Cayman) offloaded 2.ninety three crore stocks in Paytm at a mean rate of Rs 555.sixty seven according to share, which can be really well worth Rs 1,630.89 crore. SVF as of September 2022 held 11.32 crore stocks or 17.forty five% stake in Paytm.
SoftBank divested 4.five percentage stake in Paytm’s determine One97 Communications for Rs 1,631 crore via an open marketplace transaction.
Earlier this month, the lock-in duration ended for the pre-provide buyers that had invested in Paytm, which changed into indexed at the bourses in November closing year.
According to bulk deal facts to be had with the National Stock Exchange (NSE), SVF India Holdings (Cayman) Ltd offered a complete of 2,ninety three,50,000 stocks, amounting to 4.five according to cent stake withinside the company.
SVF India Holdings (Cayman) Ltd is a subsidiary of Softbank.
The stocks had been offloaded at a mean rate of Rs 555.sixty seven according to piece, taking the transaction value to Rs 1,630.89 crore.
SoftBank is the second one biggest shareholder with a 17.forty five according to cent stake withinside the company.
Post the trendy transaction, SoftBank’s shareholding will lower to 12.ninety five according to cent from 17.forty five according to cent stake withinside the company.
SoftBank had invested USD 1.6 billion in Paytm withinside the closing sector of 2017 and offloaded stocks really well worth USD 220 million on the time of its IPO.
On Thursday, BofA Securities Europe SA, Morgan Stanley Asia Singapore Pte and Societe Generale – ODI bought a complete of 1.eighty one crore stocks of Paytm.
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