Morgan Stanley Buys Paytm Shares Worth Rs 244 Crore – News18

Financial providers main Morgan Stanley on Friday purchased shares of Paytm’s guardian firm One97 Communications for Rs 244 crore by an open market transaction. Morgan Stanley by its affiliate Morgan Stanley Asia (Singapore) Pte – ODI picked up shares of Noida-based Paytm’s guardian agency One97 Communications on the National Stock Exchange (NSE).

According to the majority deal knowledge on the NSE, Morgan Stanley Asia (Singapore) Pte bought 50 lakh shares, amounting to a 0.8 per cent stake in Paytm. The shares had been acquired at a mean worth of Rs 487.20 apiece, taking the deal dimension to Rs 243.60 crore.

Details of the sellers couldn’t be ascertained. Shares of One97 Communications Ltd, which owns Paytm model, slumped one other 20 per cent on Friday, because the RBI has directed Paytm Payments Bank Ltd (PPBL) to cease accepting deposits or high-ups in any buyer accounts, wallets, FASTags and different devices after February 29.

One97 Communications Ltd (OCL) holds a 49 per cent stake in Paytm Payments financial institution however classifies it as an affiliate of the corporate and never as a subsidiary. Shares of One97 Communications tumbled 20 per cent to shut at Rs 487.20 per piece on the NSE.

In one other bulk deal on the NSE, Mauritius-based personal fairness fund 2I Capital PCC offered shares of Swan Energy Ltd for Rs 164 crore by an open market transaction. 2I Capital PCC offloaded 25 lakh shares of Swan Energy at a mean worth of Rs 657.27 apiece on the NSE, as per the info.

This took the transaction worth to Rs 164.32 crore. Details of the patrons couldn’t be ascertained.

On Friday, the scrip of Swan Energy jumped 4.76 per cent to settle at Rs 680.10 apiece on the NSE.

(This story has not been edited by News18 workers and is revealed from a syndicated information company feed – PTI)