Bottom fishing? Morgan Stanley buys 0.8% stake in Paytm via open market for Rs 244 crore
Morgan Stanley Asia Singapore Pte (ODI) acquired 50,00,000 shares of the company at Rs 487.2 each, according to bulk deals data on the National Stock Exchange. The company expects RBIs action to have a worst-case impact of Rs 300-500 crore on its annual EBITDA, going forward. However, it expects to continue on its trajectory to improve its profitability. Key Points
Economic Times