India's Paytm parent One97 falls 10% on SoftBank stake sale report

Paytm app is seen on a smartphone in this illustration

BENGALURU (Reuters) - Shares of Paytm's parent One 97 Communications Ltd fell as much as 10% to their lowest since May after Reuters reported that SoftBank Group Corp will sell shares worth up to $215 million in the Indian e-payment platform.

The stock is being sold in a range of 555 rupees to 601.45 rupees per share, according to a term sheet reviewed by Reuters.

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Dhanya Ann Thoppil)