Societe Generale Leads Buyers in Paytm Block Deal

In a significant block deal on Friday, global investors showed strong interest in $PAYTM (One97 Communications) shares. Societe Generale emerged as the largest buyer, acquiring 18.86 lakh shares worth Rs 211.46 crore. The deal also saw two other major funds participate actively. Ghisallo Master Fund and Viridian Asia Opportunities Master Fund each picked up 12.8 lakh shares, worth Rs 143.44 crore apiece. The transaction highlights continued foreign institutional interest in Paytm despite recent market volatility. The block deal, executed at a negotiated price, is expected to improve liquidity in the counter. Market watchers will closely monitor further movements as these prominent global investors increase their exposure to the fintech major.