Paytm shares, which have been recovering from their initial lows, have seen demand from major institutional investors following its weak listing. In Paytm's anchor round, BlackRock and CPPIB invested INR 1,045 Cr and INR 938 Cr, respectively.
According to a recent Bloomberg report, BlackRock Inc and Canada Pension Plan Investment Board (CPPIB) were among the anchor investors in the IPO who purchased more Paytm shares on Tuesday (November 23rd, 2021) and Wednesday (November 24th, 2021). Its shares recovered 32% between November 23 and November 25, as investors resorted to value buying and purchased the stock at low prices. Paytm's revenue from operations increased by 63.6 % during the July-September quarter, reaching INR 1,086.4 Cr.