Vijay Shekhar Sharma buys over 1.72 lakh shares of Paytm
PremiumAs per the regulatory filing, Sharma purchased 1,00,552 shares worth ₹6.31 crore on May 30, and later on May 31, he further bought 71,469 shares aggregating to ₹4.68 crore.
Vijay Shekhar Sharma has purchased 1.72 lakh shares in One97 Communications which is listed as Paytm. The Managing Director bought these shares on May 30-31.
As per the regulatory filing, Sharma purchased 1,00,552 shares worth ₹6.31 crore on May 30, and later on May 31, he further bought 71,469 shares aggregating to ₹4.68 crore.
That said, Sharma's latest purchase cumulatively amounts to nearly ₹11 crore in Paytm.
Notably, Sharma was not allowed to buy shares in Paytm for at least six months as he was selling shareholding in the company's public offering (IPO). However, with that restriction removed now, Sharma went ahead and purchased Paytm shares.
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On Friday, Paytm shares closed at ₹629.10 apiece up by 2.64%.