3 early investors to sell Paytm shares worth up to Rs 2,002 crore at 5% discount

The base offer size is up to 1.49 crore shares, representing about 2.3% of Paytm’s existing share capital. The base deal size is up to Rs 2002 crore, or about $210 million. Morgan Stanley India Company Pvt Ltd is the placement agent for the transaction.

The floor price at 5% discount. The offer floor price has been fixed at Rs 1,339.65 per share. This is a 4.99% discount to Paytm’s closing price of Rs 1,410 on August 3.

The books opened on August 3 and are expected to close around 7 am IST on August 4, with an option to close earlier. The expected trade date is August 4, while settlement is expected on August 5.

The term sheet said no guidance will be given on pricing until the shares are crossed on Indian stock exchanges on August 4. It also said investors should indicate demand across the price range.

Saif entities hold key stake in Paytm

Large investor exits through block deals are common after a stock has seen a strong rally. They allow early investors to reduce holdings while giving institutional buyers a chance to buy a large quantity of shares in one transaction.

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price