Why are Paytm shares falling despite a buyback being at a 50% premium?

Опубликовано: 01 Январь 1970
на канале: Business Today

771

#sharemarket #stocks #paytm #equity #equitymarket
One97 Communications, the parent entity of payments solutions firm Paytm, on December 12 approved a share buyback plan of Rs 850 crore, priced at Rs 810 per share. The company has opted for the open-market route through the stock exchange method, which is to be completed within a maximum period of 6 months. Paytm has indicated that it would utilise at least 50 percent of the amount earmarked as the maximum buyback size i.e. Rs. 425 crores for the buyback. Tune in to watch Sakshi Batra in conversation with Kranthi Bathini of WealthMills Securities to find out what the buyback means for shareholders and the stock price movement going forward.

-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: https://www.businesstoday.in
Facebook:   / businesstoday
twitter:   / business_today
Instagram:   / business_today