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Domestic investors, mutual funds increase stake in Paytm

Economic Times

Economic Times · 1y ago

Domestic investors, mutual funds increase stake in Paytm

According to the latest shareholding pattern, domestic mutual funds have increased their stake in Paytm. Mirae Mutual Funds and Nippon Mutual Funds are among the funds that have increased their stake in the company. Domestic retail investors also increased their shareholding in Paytm, while SoftBank reduced its stake. The founder of Paytm, Vijay Shekhar Sharma, entered into an agreement with Ant Financial to buy a stake in the company. The cost of funds for fintechs and NBFCs is expected to go up due to new regulatory norms.

Related News

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.

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.

Mutual funds, foreign portfolio investors increase stake in Paytm

Economic Times

Economic Times · 1y ago

Mutual funds, foreign portfolio investors increase stake in Paytm

Mutual funds and foreign portfolio investors have increased their shareholding in One 97 Communications, the parent company of Paytm. Mutual funds expanded their shareholding in the March quarter, while foreign direct investment in the company decreased after Softbank reduced its stake. In addition, portfolio investors acquired more than 15 million shares in Paytm. The CEO of Paytm's associate entity, Paytm Payments Bank, has also resigned. Paytm's stock closed down 1.95% on the BSE.

Paytm’s FDI down by 2% in Q1 FY25; retail investors and MFs increase stake

Entrackr

Entrackr · 1y ago

Paytm’s FDI down by 2% in Q1 FY25; retail investors and MFs increase stake

One 97 Communication Limited, the parent company of Paytm, has updated its shareholding pattern for Q1 FY25 with the stock exchange on Friday. The revised shareholding indicates a rise in the stocks held by retail investors and mutual funds, according to data sourced from the firm’s Bombay Stock Exchange (BSE) filing. According to the filings, the retail investors’ shareholding grew by 1.3% to 16.56% from 15.32% whereas the mutual funds have increased their bets on Paytm’s shares by 0.65% to 6.80% in Q1 FY25. The investment led by Mirae and Nippon helped Paytm to increase domestic institutional investors’ stake by 0.29% to 7.15% during the first quarter of the ongoing fiscal year (Q1 FY25). Paytm also saw a 2% decrease in its total foreign direct investment (FDI) to 37.77% in Q1FY25, filing shows. The considerable decrease in FDI was due to the major exit of SoftBank (SVF India Holdings) which currently commands less than 1% in Paytm. Foreign Portfolio Investors (FPIs) currently command 20.47% stake in Paytm with a marginal decline by 0.16% sequentially. As per the board meeting disclosure, Paytm’s parent will publish its Q1 results on July 19. The public firm is expecting a revenue of Rs 1500-1600 crore with EBITDA before ESOPs of negative Rs 500-600 crores.

Local MFs hold stocks worth over $8 billion in new-age companies

Economic Times

Economic Times · 9m ago

Local MFs hold stocks worth over $8 billion in new-age companies

Domestic mutual funds in India have increased their investments in new-age companies, such as Zomato, Paytm, Nykaa, and Delhivery, with the total value of stocks now reaching over $8 billion. This is a significant rise from $2.7 billion a year ago. The increase in exposure is due to the rising valuations of these companies, several of which have recently gone public. Mutual funds are becoming an important investor class during pre-IPO rounds and are expected to further increase their holdings as venture capital investors sell their stakes.

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%.

PB Fintech founders sell over 1% stake for Rs 920 cr

YourStory

YourStory · 1m ago

PB Fintech founders sell over 1% stake for Rs 920 cr

PB Fintech's founders, CEO Yashish Dahiya and Vice Chairman Alok Bansal, sold over 1% of their stake for Rs 920 crore through open market transactions. They offloaded 50.50 lakh shares, reducing Dahiya's holding to 3.57% and Bansal's to 1.04%. The shares were purchased by domestic mutual funds, insurance companies, and foreign investors, including Tata Mutual Fund, HDFC Life Insurance, and Goldman Sachs. This follows past stake sales by the founders in previous years.

Small investors raised stakes sharply in Paytm in Q3. Then came RBI’s curbs

Livemint

Livemint · 1y ago

Small investors raised stakes sharply in Paytm in Q3. Then came RBI’s curbs

Small investors have been hit hard by the plunge in shares of Paytm since the Reserve Bank of India issued curbs on Paytm Payments Bank over non-compliance with regulations. Retail investors significantly increased their stake in Paytm during the December quarter, but the uncertainty surrounding the fate of the payment bank's operations has led to a bleak outlook. The stock price has dropped by 45% after RBI's action, causing losses for new and existing investors. Experts advise caution, recommending investors wait for clarity before making further investments. Mutual funds have also raised their holdings in Paytm.

Domestic retail investors raise stake in Paytm to 12.85% in Q3

Inshorts · 1y ago

Domestic retail investors raise stake in Paytm to 12.85% in Q3

Domestic retail investors have increased their stake in Paytm-parent One97 Communications from 8.28% in the July-September 2023 quarter to 12.85% in the October-December 2023 quarter. Domestic institutions' stake also increased from 4.06% to 6.06% while foreign institutions' stake increased from 60.92% to 63.72%. Meanwhile, Paytm Founder Vijay Shekhar Sharma's stake dipped to 9.11%.

Zomato allots 47.75 crore shares under multiple ESOP schemes

YourStory

YourStory · 8m ago

Zomato allots 47.75 crore shares under multiple ESOP schemes

Zomato has approved the allotment of 47.75 crore equity shares under various ESOP schemes to Foodie Bay Employees ESOP Trust. This will increase the company's share capital. Last week, Zomato raised Rs 8,500 crore through the issuance and allotment of 33.64 crore equity shares. The qualified institutional placement was led by domestic mutual funds, with Motilal Oswal, ICICI Mutual Fund, HDFC mutual fund, and Kotak being the major participants. The fundraise aims to strengthen Zomato's balance sheet after acquiring Paytm's ticketing business. Additionally, Zomato has reduced its stake in Byondnxt Smart Home to 6% from 8%.

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