Shares of Paytm were trading in the red and 4% lower on 5 March after 0.92% equity changed hands via a block deal.

Around 58.2 lakh shares representing 0.92% equity in the company changed hands on the exchanges for an average price of Rs 414 per share, taking the total transaction value to Rs 241 crore.

However, the buyers and sellers involved in this block deal are yet to be verified.

On 31 January, the Reserve Bank of India imposed restrictions on the Paytm Payments Bank by citing a prolonged history of non-compliance by the company promoters.

Earlier last week, the Financial Intelligence Unit-India imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violating money-laundering norms.

In a statement, the company said, “The penalty pertains to issues within a business segment that was discontinued two years ago. Following that period, the bank has enhanced its monitoring systems and reporting mechanisms to the Financial Intelligence Unit (FIU).”

On 26 February, Vijay Shekhar Sharma resigned from the board of Paytm Payments Bank.

At 3:30 pm, the shares of Paytm closed 3.16% lower at Rs 405 on NSE.