Shares of One97 Communications, Paytm’s parent firm, on Friday declined over 2 per cent in morning trade after SoftBank divested 4.5 per cent stake in the firm for Rs 1,631 crore through an open market transaction.
The stock dipped 2.23 per cent to Rs 527.50 on the BSE. At the NSE, it fell 2.38 per cent to Rs 526.90. The firm’s stock faced volatile trends in morning trade. It later recovered and traded 0.79 per cent higher at Rs 543.80 on the BSE.