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BNP Paribas & Integrated Core Strategies offload Paytm shares worth Rs 1,741 Cr

EntrackrEntrackr · 15d ago
BNP Paribas & Integrated Core Strategies offload Paytm shares worth Rs 1,741 Cr
Medial

URL: https://entrackr.com/snippets/bnp-paribas-integrated-core-strategies-offload-paytm-shares-worth-rs-1741-cr-10808969 Content: BNP Paribas & Integrated Core Strategies offload Paytm shares worth Rs 1,741 Cr. Paytm witnessed two major bulk deals on Monday as global investors BNP Paribas Financial Markets and Integrated Core Strategies (Asia) Pte Ltd sold sizable stakes in the fintech major, together offloading shares worth Rs 1,741 crore on the exchanges. According to data available on the National Stock Exchange, BNP Paribas Financial Markets sold 1 crore shares of Paytm at an average price of Rs 1,260, amounting to a transaction value of Rs 1,331 crore. Alongside this, Integrated Core Strategies (Asia) Pte Ltd sold 32.55 lakh shares at Rs 1,259.85 per share, aggregating to Rs 410 crore from the trade. This comes five days after Elevation Capital (formerly SAIF Partners) offloaded a 1.86% stake in the fintech major through a bulk deal worth Rs 1,556 crore. On the financial front, One97 reported a 24% year-on-year growth in revenue to Rs 2,061 crore during Q2 FY26, alongside a profit of Rs 21 crore in the same period. At the end of today’s session, Paytm’s last trading price stood at Rs 1,257 with the total market capitalization of Rs 80,380 crore or $9 billion.

Peak XV, others divest stake worth Rs 1,600 Cr in MamaEarth’s parent

EntrackrEntrackr · 1y ago
Peak XV, others divest stake worth Rs 1,600 Cr in MamaEarth’s parent
Medial

Peak XV (formerly Sequoia Capital), along with Stellaris Ventures, Sofina Ventures, and Fireside Ventures, collectively sold shares worth Rs 1,600 crore ($190 million) in Honasa Consumer Limited, the parent company of the direct to consumer (D2C) skincare and beauty brand MamaEarth. The aforementioned investors sold 3.24 crore shares of MamaEarth at an average price of Rs 495.48 per share, according to the company’s bulk deal data accessed from the National Stock Exchange. Peak XV and its former entity Sequoia Capital Global Growth Fund III divested around Rs 753 crore ($90 million) worth of shares, while Sofina Ventures, Stellaris Ventures, and Fireside Ventures sold shares worth Rs 298 crore, Rs 225 crore, and Rs 326 crore, respectively, during the bulk deal. Importantly, ICICI Prudential Life and Morgan Stanley collectively purchased Rs 262 crore worth of shares in MamaEarth. According to Entrackr’s estimates, MamaEarth sold 10% of its shares in this single bulk deal. The firm’s total outstanding shares stood at 32.42 crore as of June 30, 2024. The sale of shares came at a time when the Gurugram-based firm reached its all-time high share price of Rs 547 on Tuesday this week. As per NSE data, MamaEarth’s overall market capitalization stood at Rs 16,046 crore ($1.91 billion) as of September 12. In the first quarter of the current fiscal year, the company reported a 17.6% quarter-on-quarter increase in revenue, reaching Rs 554 crore, up from Rs 471 crore in Q4 FY24. This marked the firm’s most profitable quarter, with Rs 40 crore in profit after tax (PAT). Peak XV’s recent exit portfolio includes companies like Blinkit, Zomato, Freshworks, Awfis, Ixigo, Go Fashion, MamaEarth, and others.

BNP Paribas aligns with Eternal, offloads Swiggy stake

EntrackrEntrackr · 3m ago
BNP Paribas aligns with Eternal, offloads Swiggy stake
Medial

BNP Paribas aligns with Eternal, offloads Swiggy stake Institutional investors actively rotated positions in the stock market on Tuesday, with the food delivery space at the center of heavy bulk deals. The highlight of the session was French banking giant BNP Paribas Financial Markets exiting a large position in Swiggy while simultaneously emerging as a major buyer in Eternal, the parent entity of Zomato. In Swiggy, BNP Paribas offloaded shares worth around Rs 1,140 crore, while Societe Generale followed a similar strategy, selling shares worth Rs 608 crore. The total selloff was at around Rs 1,748 crore in the food delivery major Swiggy, reflecting heavy foreign institutional profit booking in the segment. On the other hand, BNP Paribas struck a contrasting move in Eternal, the parent company of Zomato and Blinkit. It turned into a massive buyer, acquiring shares worth nearly Rs 3,220 crore. The move signals a clear shift of focus towards Eternal while leaving behind Swiggy. Earlier this month, Alibaba Group affiliate Antfin Singapore Holding Pte. offloaded shares worth Rs 4,097 crore ($482 million) from Eternal through a bulk deal. The transaction involved the sale of 14.13 crore shares at a price of Rs 290 per share. Swiggy reported 54% year-on-year growth in its operating revenue to Rs 4,961 crore in the first quarter of FY26. However, the company’s losses almost doubled to Rs 1,197 crore in the same period. The company’s total market capitalization stands at Rs 1,06,765 crore (approx $12 Bn). On the other hand, Zomato’s parent Eternal reported 70% year-on-year growth in its operating revenue to Rs 7,167 crore in the first quarter of FY26. Meanwhile, the company reported a 90% fall in profit to Rs 25 crore during the quarter. The company’s total market capitalization stands at Rs 3,09,535 crore (approx $35 Bn). In May of this year, Swiggy's stock dropped to an all-time low of Rs 297. Conversely, Eternal's stock hit an all-time high of Rs 331 seven days prior, on August 20, 2025.

Garuda Aerospace revenue and profit soar over 2X in FY24

EntrackrEntrackr · 8m ago
Garuda Aerospace revenue and profit soar over 2X in FY24
Medial

Garuda Aerospace revenue and profit soar over 2X in FY24 Drone technology startup Garuda Aerospace had a strong performance in the last fiscal year, with its operating scale more than doubling and profits surging nearly 3X, despite a two-fold increase in expenses. Garuda Aerospace’s revenue from operations grew by 2.3X to Rs 110 crore in FY24 from Rs 47 crore in FY23, according to its financial statements sourced from the Registrar of Companies (RoC). Garuda Aerospace designs, manufactures, and customizes Unmanned Aerial Vehicles (UAVs or Drones) for various use cases such as deliveries, disaster management, agriculture, etc. The firm makes money from surveillance charges and related operating services which saw a jump of 143% to Rs 68 crore in FY24 while the rest came via sale of drones and accessories which generated Rs 42 crore. On the expense side, the biggest cost component, material expenses, saw a massive 5.4X jump to Rs 49 crore in FY24 from Rs 9 crore in FY24. Employee benefit expenses also climbed 22% to Rs 11 crore. Other major costs included legal charges of Rs 8 crore and travel expenses of Rs 7 crore. Overall, the total expense bill for Garuda Aerospace increased by 128% to Rs 89 crore in FY24 from Rs 39 crore in FY23. Despite the increase in expenses, the company’s strong revenue growth allowed it to expand its net earnings. Garuda Aerospace’s profit margin saw notable improvement, with net profit reaching Rs 16 crore in FY24, a 2.7X increase from Rs 6 crore in the previous year. On a unit economics basis, the firm spent Rs 0.81 to earn a rupee in FY24. Its ROCE and EBITDA margin stood at 20.72% and 22.52%, respectively. At the end of FY24, Garuda Aerospace recorded current assets worth Rs 130 crore, which includes Rs 16 crore of cash and bank balance. According to TheKredible, the firm has raised a total of $31 million in funding to date, having Ocgrow Ventures and Silver Swan Investments as its lead investors. Its founder and CEO, Agnishwar Jayaprakash, owns 77% of the company.

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