Explained: Why is Paytm falling on the bourses? | Explained News,The Indian Express

Clipped from: https://indianexpress.com/article/explained/explained-paytm-falling-bourses-7716345/

The shares came under pressure following news that HDFC Mutual fund, one of the four mutual funds that were anchor investors in its IPO, significantly reduced its holding of Paytm across two schemes in the month ended December 2021.

Shares of Paytm fell 6 per cent on Monday and they have lost 13 per cent since December 31, 2021. (Reuters)

Shares of One 97 Communications, which owns the Paytm brand, fell sharply by over 6 per cent on Monday to hit its all-time low of Rs 1,151 before closing at Rs 1,157.9. The shares came under pressure following news that HDFC Mutual fund, one of the four mutual funds that were anchor investors in its IPO, significantly reduced its holding of Paytm across two schemes in the month ended December 2021.Register Now. It’s Free.Register to continue reading this story for free.
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