Paytm stock falls 8% as anchor investor's 30 days lock-in period ends

Shares of One97 Communications, the parent of Paytm, declined nearly 8 per cent on Wednesday as the 30-day lock-in period for anchor investors ended. The stock tumbled as much as 13 per cent before recouping some losses.

After dropping to a low of Rs 1,298 apiece, the stock finished at Rs 1,380, its lowest level since November 22, the second day of listing.

The latest downfall reversed the digital payments major’s slow climb towards its initial public offering (IPO) price of Rs 2,150 per share. Paytm’s shares have now declined 36 per cent over its IPO price and 23 per cent over