BlackRock, Canada Pension Bought More Paytm Stock After RoutBy and
Anchor investors increased stakes after Paytm tumbled in debut
Shares up for third day on Thursday, but still below IPO price
Several of the biggest investors in Paytm’s record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter.
BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said, asking not to be identified discussing private information.