Paytm Shares Plunge Nearly 10% As SoftBank Seeks To Trim Stake After Lock-In Ends

Shares of One97 Communications Ltd. plunged during the opening trade on Thursday after the Japanese venture capital firm SoftBank Group likely sold 4.5% of its stake in the company.The pre-IPO investors’ lock-in period expired on Nov. 15.In opening trade, as many as 2.95 crore shares equaling to 4.5% equity changed hands in a large trade, according to Bloomberg. Though details of the buyers and sellers were not known immediately, the…