Paytm shares fell heavily

Paytm’s shares fell sharply. Paytm parent One97 Communications tumbled 11% in Tuesday’s trading to close at Rs 474. Paytm, which went for IPO in November last year, was listed at 2150, ten days ago the share price was Above Rs 600. It touched a low of Rs 474.30. SoftBank’s divestment of its stake in Paytm also contributed to the decline.

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