According to media reports, there may be a block deal in Paytm’s parent company One97 Communications on Tuesday. Antfin (Netherlands), which is the unit of Alibaba group, is going to sell its entire 5.84% stake. The price of the deal has been kept at Rs 1,020 per share, which is at a discount of about 5.5% from Monday’s closing of Rs 1,079.90. This deal can bring volatility to the stock, so investors are eyeing it.
