Paytm, Nykaa shares slip up to 10% on block deals

New-age stocks Paytm and Nykaa slipped up to 10% in Thursday’s trade amid reports of block deals after lock-in expiry for pre-IPO investors in both the counters.

Paytm shares fell 10% to the day’s low of Rs 541.4 amid reports of SoftBank Group eyeing to offload shares in Paytm’s operator, One97 Communications NSE -9.24 %, valued at $200 million.