Paytm, Nykaa slide up to 9% after huge block deals at both counters

Shares of Nykaa, owned by FSN E-Commerce Ventures, and One 97 Communications, the operator of India's largest digital-payments provider Paytm, dipped up to 9 per cent on the bourses in Thursday's intra-day trade after their respective counters saw more than 20 million shares changing hands via block deals.

Shares of Paytm slipped 9 per cent to Rs 528.10 on the National Stock Exchange (NSE) in the intra-day trade. Till 01:53 PM, about 30.5 million shares, representing 4.7 per cent of the total equity of Paytm, had changed hands on the NSE, the exchange data shows. The stock had rallied