Paytm shares nosedive 6% on Alibaba block deal, but there’s a catch
Paytm shares have been in focus on the commencement of its ₹850 crore buyback plan to drive long-term value creation. On BSE, Paytm shares closed at ₹542.25 apiece down by ₹37.25 or 6.43%. The stock has plummeted by over 8.8% on Dalal Street with an intraday low of ₹528.35 apiece. Sources close to the development told Mint that “there was…