Morgan Stanley Buys Patym Shares Worth ₹244 crore after RBI Action By Lokmat English Desk | Published: February 04, 2024 8:00 PMOpen in App1 / 6Financial services giant Morgan Stanley on Friday made an investment in Paytm's parent company, One97 Communications, by acquiring shares worth ₹244 crore through an open market transaction.2 / 6Morgan Stanley, via its affiliate Morgan Stanley Asia (Singapore) Pte - ODI, purchased 50 lakh shares on the National Stock Exchange (NSE), representing a 0.8 per cent stake in Paytm.3 / 6The average price per share was ₹487.20, resulting in a total deal size of ₹243.60 crore. However, details about the sellers remain undisclosed, PTI reported.4 / 6Paytm shares price faced another 20 per cent decline on the NSE. This adds to a total of 36 per cent drop in the share price in just 2 days after the Reserve Bank of India (RBI) directed Paytm Payments Bank Ltd (PPBL), an associate of Paytm, to cease accepting deposits or top-ups in various accounts, wallets, and instruments from March 1.5 / 6One97 Communications Ltd (OCL) holds a 49 per cent stake in Paytm Payments Bank, while Vijay Shekhar Sharma, founder of One97 Communications, has the other 51 per cent stake.6 / 6The shares of One97 Communications closed at ₹487.20 per piece on the NSE.In related news, there are reports that the RBI is contemplating revoking the license of Paytm Payments Bank as early as next month.Read More Subscribe to Notifications