UBS is looking to purchase Paytm shares from employees

As per news roaming in ET, a fund run by UBS’s asset management arm is in discussions to buy a stake in Paytm alongside some of the Swiss bank’s clients. UBS is negotiating the purchase of Paytm shares from a group of the Indian fintech company’s employees. The deal is likely to be completed by this month end. However, the successful completion of the deal will depend upon the valuation at which UBS is agreed to buy and employees are agreed to offer shares.UBS and other Swiss bank clients are looking to buy stakes worth Rs. 300 Crores. In the unlisted market, the current market price of Paytm unlisted shares is Rs.10700 per share. This has fallen from the value of Rs. 18000 in the last one year. In Nov-19, the Paytm was valued officially at $16Billion, when Softbank had infused fresh capital in the company. Stay tuned to UnlistedZone for further updates on this news.