Paytm slips 9% intra-day as nearly 5% equity changes hands on NSE

Till 09:50 am; around 32.25 million equity shares, representing nearly 5 per cent of total equity of Paytm, had changed hands on the counter, data showed

Shares of digital financial services firm One97 Communications, which owns Paytm, slipped 9 per cent to Rs 640 on the National Stock Exchange (NSE) in Friday’s intra-day trade on the back of heavy volumes.

At 09:50 am; the stock of the payments and financial services company was quoting 6 per cent lower at Rs 664.80 on the NSE. Around 32.25 million equity shares, representing nearly 5 per cent of total equity of Paytm, had changed hands on the counter, the exchange data showed.

Meanwhile, a combined 33.28 million equity shares had changed hands on the NSE and BSE.