Shares of One 97 Communications faced a downturn following a notable block deal involving Resilient Asset Management, a firm linked to Paytm’s founder. It’s estimated that shares worth around Rs 2,949 crore were sold in this secondary transaction, with the possibility of extending the stake to Rs 4,895 crore. Goldman Sachs facilitated this considerable share sale as the placement agent.
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Paytm shares in focus as a major block deal looms.
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