Mumbai, Aug. 18 -- The identities of the buyers and sellers were not immediately disclosed. Trading volumes were elevated during the session. On the BSE, 2.73 lakh shares changed hands against a three-month average of 3.55 lakh shares. On the NSE, 24.42 lakh shares were traded against a three-month average of 33.36 lakh shares.

The transaction came after One 97 Communications on Monday said that Resilient Asset Management B.V., an entity associated with Paytm founder Vijay Shekhar Sharma, proposed to sell up to 4.98% of its stake in the company through a block market trade.

The proposed sale is under Resilient's existing Optionally Convertible Debenture (OCD) agreement with Antfin (Netherlands) Holding B.V. The economic value received b...