Vijay Shekhar Sharma buys 1.7 lakh shares of Paytm worth Rs 11 cr

Digital financial services firm One97 Communications’ Managing Director Vijay Shekhar Sharma has purchased 1.7 lakh shares of the company worth Rs 11 crore, according to a regulatory filing.

The disclosures from the company, which operates under Paytm brand, show that Sharma bought the shares on May 30-31.

On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore.

The company stock was trading at Rs 625.75 in afternoon session.

As per regulations, Sharma was not allowed to buy shares for at least six months being a selling shareholder in Paytm’s IPO and now, with that restriction being over, he has purchased shares of Paytm.