The Board of One 97 Communications Ltd., the listed entity that runs Paytm has come up with the Open market buyback plan, with a maximum buyback price of Rs. 810. But it seems that the IPO investors of the company are not very happy with this move, the reason being that they had purchased the shares at Rs. 2150, which is far more than the buyback price cap of Rs. 810.
Further, this is an Open Market Buyback if you plan to buy the share at the current price of approx. 530 & make a profit of Rs. 280, by offering the share in Buyback at 810, then that shall not be possible, as, in the case of Open market buyback, the shares are repurchased at prevailing prices