Recently, Indian digital payments and financial services company, Paytm shares nosedived by nearly 9% after a block deal that is supposed to be carried by Chinese group Alibaba.
About the Block Deal: As per BSE, a block deal is a single trade having quantity greater than or equal to 500,000 or value greater than or equal Rs 5 crores, executed through a block deal window. Block deals take place during a specific trading window - the block deal window.
