New Delhi, May 22 -- One 97 Communications, the parent company of Paytm, saw its shares slump 5% in trade on Friday, 22 May, to the day's low of Rs.1,110 apiece, after 8.6 million shares, or 1.3% of its outstanding equity, changed hands in a block deal window.

The buyers and sellers, however, were not immediately known. On Monday, Mint reported that Saif III Mauritius Co. Ltd., Saif Partners India IV Ltd., and Elevation Capital V Ltd. were looking to offload holdings in the fintech major.

The floor price has been set at Rs.1,120.65 per share, a discount of about 3% to Thursday's BSE closing price of Rs.1,155.30.

At the floor price, the total transaction size is estimated at around Rs.963.6 crore (about $110 million). Citigroup Global M...