Paytm Shares Gain 10% In Early Morning Trade

The share price of Paytm witnessed a sharp rally of 10% in early morning trade on Monday as its MD & CEO, Vijay Shekhar Sharma inked an agreement to acquire 10.3% of the company's shares from Antfin (Netherlands) Holdings B.V. for $628 million. Current market price of Paytm share is Rs 851.70 apiece on BSE with intraday gain of 7.07% at the time of writing the story.

According to the BSE filing of Paytm dated August 7, 2023, "Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we have been informed by Vijay Shekhar Sharma (Founder, Managing Director and CEO of the Company), and Antfin (Netherlands) Holding B.V. ("Antfin"), that they have entered into an agreement on August 07, 2023 whereby Antfin will transfer 65,335,101 shares of the Company to an entity 100% owned by Mr. Sharma - Resilient Asset Management B.V. ("Transaction"). This implies a transfer of 10.30% of the share capital of the Company (Company / Paytm)."

Paytm stock opened at Rs 860.55 apiece, touched its day's high at Rs 887.55 per share and day's low of Rs 848.00 apiece till 9.35 am on Monday.

Paytm stock witnessed a spurt in volume by more than 1.07 times today. Earlier on Aug 4, the shares saw a spurt of 2.34 times.

Paytm's 52-week high price is Rs 915.00 apiece and 52-week low price is Rs 439.60 apiece.

The company's market capitalisation at 9:37 am is Rs 54,017.39 crore.
Paytm stock rallied 6.33% in last 1-week only when Sensex declined 1.06% and recorded yet another rally of 6% in last 14 days when BSE Sensex fell 0.85%.

In last 1-year, Paytm shares offered its shareholders return of 8% and 60% return year to date (YTD).