** Shares of digital payments co Novatti Group fall as much as 28.2% to A$0.042, marking their biggest intraday fall since mid-March 2020
** Shares hit their lowest level since early-July
** Co to raise up to A$9.4 mln ($6.34 mln), comprising of an entitlement offer and a placement
** Issue price of A$0.04 per share represents a 31.6% discount to co's last closing price
** More than 2.4 mln shares change hands, over 6 times the 30-day avg of 375,149 shares
** As of last close, stock was down 29.5% YTD
($1 = 1.4832 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com))
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