Shares of One97 Communications Ltd., parent company of the payments aggregator Paytm, witnessed a large transaction take place on Tuesday, November 18.

As many as 1.32 crore shares of Paytm or 2.07% of the company's outstanding equity changed hands during the large trade, according to available data.

Shares changed hands at an average price of ₹1,307 per share, taking the total transaction value to ₹1,722 crore.

Sources told CNBC-TV18 that Saif III Mauritius, SAIF Partners and Elevation Capital are likely to sell up to 2% of the company's outstanding equity via block deals on Tuesday.

Floor price of the transaction has been fixed as ₹1,281 per share, which is a 3.9% discount to Monday's closing price. There will also be a lock-in period of another 60 days before further sale of shares.

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