Paytm block deal: SAIF Partners, others likely to sell stake

Paytm’s existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set at Rs 1,120.65 per share. This stake sale is anticipated to be worth $100 million. Citi is reportedly managing the placement. This comes after a strong recovery in Paytm’s stock.

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