FIIs dumped Rs 7K-crore worth Paytm shares before RBI ban. Look, what else they sold

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Key Points

Many on Dalal Street have been dumping Paytm shares since the Reserve Bank of India (RBI) ordered its unit Paytm Payments Bank to stop many of its activities, citing non-compliance and supervisory concerns..

But call it premonition or foresight, foreign institutional investors (FIIs) sensed trouble brewing for the fintech major back in the December quarter itself and were smart enough to dump the stock then...

According to a report by PRIME Database, Paytm shares worth Rs 7,441 crore were offloaded by foreign investors in the December quarter, making it the top sell by FIIs in the quarter gone by..

Retail investors sharply hiked their stake in the Vijay Shekhar Sharma company, buying around 2.89 crore shares in the counter during the December quarter...

The oil-to-telecom conglomerate, which is also India's first stock to cross Rs 20 lakh crore market cap, saw foreign investors buy shares worth more than Rs 27,700 crore...

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