Shares of Paytm’s parent company, One 97 Communications fell more than 8% on February 10 following a block deal on exchanges, CNBC-TV18 reported.

About 2.1 crore Paytm shares, or a 3.4% stake, changed hands in the block trade. The buyer and seller could not be immediately identified.

Shares of the company fell 6.5% to Rs 666.4 at 9:50 am on the BSE.

Earlier this week, Paytm’s parent company reported its quarterly figures. Revenue in the December quarter jumped 41% to Rs 2,062 crore from a year earlier, while net loss narrowed to Rs 392 crore.

The digital payments and financial services company posted a loss of Rs 778 crore a year earlier, compared with Rs 572 crore in the September quarter.

Paytm founder and CEO Vijay Shekhar Sharma said in a letter to shareholders that the company achieved an operating profit in the third quarter, three quarters ahead of its guidance for the September quarter.

Goldman has said it expects profits to continue with solid growth in expenses, operating leverage and UPI reimbursement. At the same time, it raised its FY24 and FY25 adjusted EBITDA estimates by 30% and 14%, respectively, on the back of a significantly stronger third quarter.