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Photographer: Dhiraj Singh/Bloomberg
Markets

BlackRock, Canada Pension Bought More Paytm Stock After Rout

Updated on
  • 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.