Fintech company One 97 Communications Limited is likely to see a block deal on Friday where existing investors like SAIF Partners and Elevation Capital Entities, according to an ET Now report. Around 8.6 million shares of Paytm are expected to change hands through the transaction and the floor price for the deal has reportedly been fixed at Rs 1,120.65 per share, the report said, citing sources. The floor price implies a discount of nearly 3% to the stock’s previous closing price.
The stake sale through a block deal from existing shareholders is likely to be worth $100 million worth of shares.
