Morgan Stanley sees opportunity, buys shares worth ₹244Cr in Paytm

Morgan Stanley, via its affiliate Morgan Stanley Asia (Singapore) Pte, capitalized on the recent downturn in Paytm's stock by purchasing 5 million shares worth Rs 243.6 crore through an open market transactions on NSE. The shares were bought apparently on behalf of entities lacking an FPI license in India, utilizing ODI for the deal.