Shares of One97 Communications, parent of Paytm, hit record 1,007 rupees (US$11.87) on Monday.

This rise coincided with the company’s announcement of selling its stock acquisition rights in Japan’s PayPay Corporation to SoftBank’s Vision Fund 2 for 2,364 crore rupees (US$278.6 million).

It previously hit a 52-week high of 951.9 rupees (US$11.22) in late November.