The stock market is likely to have a large block deal in the second trading session of the week. Through this deal, 3.7 million shares will be sold at once. In short, the impact of this block deal is likely to be seen in the stock market on Tuesday.
According to media reports, a large block will be dealt with in the stock market tomorrow ie Tuesday, August 5th. Vijay Shekhar Sharma's company will deal with a block tomorrow at Paytm (One97 Communications), in which a foreign investor will be able to sell his entire share.
On Monday, August 4, the stock of 'paytm' was raised by 0.33% to Rs. Closed at 1,079.90. The stock has seen a 16% increase in the last 1 month and 38% in 6 months.
Alibaba Group's 'Antfin' (Netherlands) will sell its total stake in the company, ie '5.84% equity' block deal. The block deal is Rs. 1,020 per share has been fixed, which is at 5.5% discount from Monday's closed price. The size of this deal is Rs. It is likely to be 3,800 crore. Citi can play a broker for this deal.
According to shareholding on June 30, Antfin (Netherlands) has a total of 3,72,87,726 equity shares in this company. 'Paytm' announced the results of its first quarter (April-June) on July 22 last week.
In the first quarter, an annual basis of Rs. Against a loss of Rs 839 crore, Rs. There has been a profit of Rs 122.5 crore. During this period, the company's revenue is Rs. 1,501.6 crore from 27.7% to Rs. 1,917.5 crore.
EBITDA Loss Rs. 793 crore, which resulted in Rs. EBITDA profit of 71.5 crore has been made. During this period, the company's margin was about 3.7%.
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