Paytm plunges 10% as softbank unit seeks to reduce stake

[{"selector":"#anim-c3102220-f5fc-4240-8526-10e79b8601d6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit- Getty Images Paytm shares can see a big fall today.

[{"selector":"#anim-33a1fc5a-f629-4276-a22e-53409db42a3a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.726512856448856%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit- Getty Images Actually, today the lock-in period is ending for big investors investing in Paytm's shares.

[{"selector":"#anim-66e5f918-3ec3-407f-b534-de83d2a0e8f5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.41360732988376%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit- Getty Images Due to this, the Japanese SoftBank Group today through a block deal,

[{"selector":"#anim-9d8f6f34-43f6-4421-90bb-5811ee540cd6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-18.40909071462155%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit- Getty Images Financial payments major may sell shares worth around $215 million from Paytm's parent company today.

[{"selector":"#anim-2db91611-1e9e-4cb5-910a-85a0659ea5ec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.376162417515197%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit- Getty Images The Japanese investor is offering to sell 29 million shares in the digital payments and financial services company.

[{"selector":"#anim-d33c7233-3202-4195-8a2a-eecf43c6115b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.954545317696635%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit- Getty Images Market experts say that due to this move of Softbank, Paytm shares may see a big fall today.

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