Vijay Shekhar Sharma bought 1.7 lakh shares of his own company, a strong rise in the stock

Pankaj Prasad
Vijay Shekhar Sharma
Vijay Shekhar Sharma

According to the information, Sharma had bought the shares on 30-31 May.

Paytm Share Price: Vijay Shekhar Sharma, managing director (MD) of digital financial services company One97 Communications, has bought 1.7 lakh shares of his company Paytm worth Rs 11 crore. The company gave this information to the stock exchanges.

According to the information, Sharma had bought the shares on 30-31 May. Sharma bought 1,00,552 shares worth Rs 6.31 crore on May 30 and 71,469 shares worth Rs 4.68 crore on May 31. The company's stock climbed Rs 16.10 to close at Rs 629.10 on the BSE.

As per rules, Sharma was not allowed to buy shares for at least six months as a selling shareholder in Paytm's initial public offering (IPO). As soon as that ban ended, he bought the shares of Paytm.