Paytm plunges 10% as softbank unit seeks to reduce stake

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Paytm shares can see a big fall today.

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Actually, today the lock-in period is ending for big investors investing in Paytm's shares.

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Due to this, the Japanese SoftBank Group today through a block deal,

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Financial payments major may sell shares worth around $215 million from Paytm's parent company today.

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The Japanese investor is offering to sell 29 million shares in the digital payments and financial services company.

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Market experts say that due to this move of Softbank, Paytm shares may see a big fall today.

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