Paytm Sees Weak Demand in Block Deal; More Sales Expected from SAIF Partners

Sources indicate weak demand for the recent block deal in

(One 97 Communications) shares at current price levels. The green shoe option was not exercised by the seller. Further block deals are expected from SAIF Partners (and related entities) over the coming months as early investors continue to trim holdings. The development comes amid ongoing secondary sales by long-term backers in the fintech major. Top stocks in the fintech / digital payments industry: PB Fintech, Angel One, and Infibeam Avenues