paytm shares | nykaa shares, paytm share price, paytm block deal, nykaa share price, nykaa block deal
iStockNew-age stocks Paytm and Nykaa slipped up to 10% in Thursday’s trade amid reports of block deals after lock-in expiry for pre-IPO investors in both the counters.
Paytm shares fell 10% to the day’s low of Rs 541.4 amid reports of SoftBank Group eyeing to offload shares in Paytm’s operator, One97 Communications, valued at $200 million.
295 lakh shares of Paytm changed hands in a bunch trades, ET NOW reported earlier today.
BofA Securities is the banker for the deal, and the price range for the sale was set at Rs 555-601. The lower end of the price band is at a 7.7% discount to Wednesday’s close price of Rs 601.45 on the National Stock Exchange.
Similarly, Nykaa shares cracked 7% to day’s low of Rs 171.05 after 2% of the company’s equity changed hands in 5 bunch trades today, according to the report.
In the previous session, foreign fund Lighthouse India Fund III sold 3 crore shares of the company at an average traded price of Rs 175.13, BSE bulk deal data showed. As of the September quarter, the fund held 2.04% or 96,89,240 shares in the concern.
Shares of Paytm and Nykaa have suffered a severe blow, with the former cracking 65% while the latter over 50% in the last one year.

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