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Societe Generale, UBS, Tiger Pacific cut Paytm stakes below 1%

Inshorts · 9m ago

Societe Generale, UBS, Tiger Pacific cut Paytm stakes below 1%

Foreign portfolio investors Societe Generale, UBS Principal Capital Asia and Tiger Pacific Master reduced their holdings in Paytm to below 1% in the September quarter, Moneycontrol reported. The overall foreign portfolio investor ownership in Paytm fell to 16.77%, while foreign direct investment remained almost unchanged. Indian mutual funds increased their stake in Paytm to 7.86%.

Related News

FPIs Reduce Stakes In Paytm Below 1%

Inc42 · 9m ago

FPIs Reduce Stakes In Paytm Below 1%

In the September quarter, the stake held by Societe Generale, UBS Principal Capital Asia, and Tiger Pacific Master Fund in Paytm decreased. The overall foreign portfolio investor (FPI) ownership in the company dropped from 20.04% to 16.77%. Paytm's shares closed 3.47% lower at INR 696.35 on the BSE.

Mutual Funds Increase Stake In Paytm In March Quarter, FII Holding Declines

Inc42 · 1y ago

Mutual Funds Increase Stake In Paytm In March Quarter, FII Holding Declines

Indian mutual funds have increased their stake in Paytm during the March quarter of FY24, amidst regulatory turmoil at the fintech company. Domestic mutual funds now hold a 6.15% stake, up from 4.99% in the previous quarter. Mirae Mutual Funds increased its shareholding to 3.76%. However, foreign institutional investors' stake in Paytm declined to 60.41% from 63.72%, with BNP Paribas Arbitrage and Societe Generale selling their stakes. Despite these challenges, Marshall Wallace and Morgan Stanley increased their stake in Paytm. Paytm's shares have dropped over 50% since the RBI's restrictions on Paytm Payments Bank.

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 crore; SBI MF, SocGen pick up stake

YourStory

YourStory · 11m ago

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 crore; SBI MF, SocGen pick up stake

Chinese conglomerate Tencent has sold a 2.1% stake in PB Fintech, the parent company of PolicyBazaar, for Rs 1,668 crore through open market transactions. SBI Mutual Fund and Societe Generale acquired a stake in PB Fintech. This sale decreases Tencent's shareholding in PB Fintech to 2.13% from 4.26%. PB Fintech operates PolicyBazaar, an online insurance platform, and PaisaBazaar, a credit comparison portal. In recent months, Tencent has sold multiple stakes in PB Fintech.

Tiger Global exits Zomato by selling remaining 1.4% stake

Economic Times

Economic Times · 1y ago

Tiger Global exits Zomato by selling remaining 1.4% stake

Investment firm Tiger Global has sold its remaining 1.44% stake in Zomato, the online food delivery platform, in an open market transaction, raising about Rs 1,124 crore. Zomato's shares rallied 73% in the last six months. Buyers of Zomato's shares include Morgan Stanley, Goldman Sachs, Societe Generale, and more. Earlier this month, Zomato announced its first quarterly net profit of Rs 2 crore. The company's market cap surpassed $10 billion following this announcement.

Paytm shares fall 3% to ₹875 after Antfin sells 3.6% stake

Money Control

Money Control · 1y ago

Paytm shares fall 3% to ₹875 after Antfin sells 3.6% stake

On Monday, the shares of One97 Communications, the parent company of Paytm, experienced a decline of approximately 3%, reaching a value of ₹875.05. This decline follows the sale of a 3.6% stake in the Indian startup by Antfin, the Netherlands-based subsidiary of Jack Ma's Ant Group. The stake was sold for ₹2,037 crore through open market transactions, with buyers including Goldman Sachs (Singapore), Morgan Stanley Asia Singapore, and Societe Generale.

Societe General to lend up to $1 billion to ReNew for energy transition projects

Livemint

Livemint · 1y ago

Societe General to lend up to $1 billion to ReNew for energy transition projects

Societe Generale, a European financial institution, has reached an agreement to provide up to $1 billion in funding for ReNew Global's renewable energy projects over the next three years. This collaboration will support ReNew's plans to expand its green power and decarbonization initiatives in India and globally. The funding will cover various areas such as solar, wind, energy storage, green hydrogen, and solar module manufacturing. ReNew aims to contribute to India's net-zero goals and is actively seeking funds for its ambitious growth plans in the green energy sector.

Ola Electric early investors Z47, Tiger Global pare stakes - The Economic Times

Economic Times

Economic Times · 2d ago

Ola Electric early investors Z47, Tiger Global pare stakes - The Economic Times

Two early investors, Z47 and Tiger Global Management, have reduced their stakes in Ola Electric Mobility. Z47, formerly Matrix Partners India, sold less than 1% of its stake, earning Rs 187 crore, now holding shares worth Rs 347 crore. Tiger Global reduced its stake to 3.24%, valued at Rs 585 crore. Ola Electric's revenue halved and losses widened amid fierce competition, prompting a strategic shift towards profitability, according to founder Bhavish Aggarwal.

SoftBank's stake in Paytm slips below 1%

Economic Times

Economic Times · 1y ago

SoftBank's stake in Paytm slips below 1%

SoftBank, the Japanese investor, has reduced its stake in Paytm, the fintech's parent company, One 97 Communications. The foreign direct investment (FDI) shareholding in Paytm decreased by 2% to 37.7%, and SoftBank's shareholdings fell below 1%. Domestic investors, including retail shareholders and mutual funds, increased their shareholding in the company in the first quarter of the fiscal year. Paytm reported an increase in retail investors' shareholding by 1.3% to 16.56% and mutual funds' shareholding by 0.65% to 6.8%. At the end of the fiscal year, Paytm had a total operational revenue of Rs 7,660 crore and a net loss of Rs 1,476 crore.

Z47 stake in Ola Electric falls below 2% after recent partial exit

Entrackr

Entrackr · 1d ago

Z47 stake in Ola Electric falls below 2% after recent partial exit

Z47 stake in Ola Electric falls below 2% after recent partial exit Ola Electric’s early backers, Z47 (formerly Matrix Partners India) and Tiger Global Management, have trimmed their stakes in the Bengaluru-based company during the April–June 2025 quarter, as per stock exchange disclosures filed for the period. Z47 reduced its holding from 2.72% to 1.93%, a cut of approximately 0.81 percentage points. Based on an average share price of Rs 41, the VC firm is estimated to have earned around Rs 147–150 crore from the sale. Tiger Global also marginally reduced its stake from 3.45% to 3.24%, with an estimated Rs 39–45 crore. Its remaining stake, held via Internet Fund III, is currently valued at Rs 587 crore. The reduction in its stake in Ola Electric comes as Z47 actively explores secondary stake sales in other portfolio companies, including OfBusiness, Razorpay, and Dailyhunt’s parent VerSe. Despite the partial exits, both Z47 and Tiger Global remain on Ola Electric’s cap table with meaningful minority stakes. SoftBank, AlphaWave, Temasek, and Citigroup are some notable investors in the EV firm. Ola Electric’s revenue continues its downward spiral with yet another sharp drop in the latest quarter. Its revenue from operations decreased by 49.6% to Rs 824 crore in Q1 FY26, compared to Rs 1,644 crore in Q1 FY25. Its grew 23.3% year-on-year to Rs 428 crore during the same period. The company is currently trading at Rs 40.7 per share (as on 02 PM) with a total market capitalization of Rs 17,925 crore ($2.1 billion). Ola Electric also slipped to the third spot in July with 17,848 registrations, down 57% YoY, as its market share fell to 17.35%. Meanwhile, Ather Energy narrowed the gap with 16,231 units and a 15.78% share. The dip adds to Ola Electric’s mounting challenges as rivals like TVS and Bajaj consolidate their positions at the top.

UPS to cut 12,000 jobs, explore options for Coyote business

Livemint

Livemint · 1y ago

UPS to cut 12,000 jobs, explore options for Coyote business

United Parcel Service (UPS) plans to cut 12,000 jobs and explore strategic options for its trucking brokerage business, Coyote, after forecasting full-year revenue below expectations. Weak demand from retail, manufacturing, and high tech sectors resulted in UPS shares tumbling 8% on the New York Stock Exchange. The company aims to reduce costs by $1 billion after experiencing declines in volume, revenue, and operating profit across all business segments. UPS CEO, Carol Tome, hopes to find a way to offer low-margin services without the overhead that Coyote provides.

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