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Paytm shares worth ₹208 crore sold by Goldman Sachs, Marshall Wace

Inshorts · 1y ago

Paytm shares worth ₹208 crore sold by Goldman Sachs, Marshall Wace

Goldman Sachs (Singapore) PTE sold 44.2 lakh shares of Paytm parent One97 Communications for about ₹183 crore on Tuesday, as per BSE data. Meanwhile, Marshall Wace Investment Strategies sold 5.85 lakh shares of the startup for roughly ₹25 crore, as per NSE data. Shares of One97 dipped more than 1% to ₹417 on Tuesday.

Related News

UK-based Marshall Wace sells shares of One97 Communications, Shriram Finance for Rs 419 Cr

YourStory

YourStory · 1y ago

UK-based Marshall Wace sells shares of One97 Communications, Shriram Finance for Rs 419 Cr

UK hedge fund, Marshall Wace, has sold shares of One97 Communications and Shriram Finance for a total value of Rs 419 crore in open market transactions. Marshall Wace Investment Strategies - Eureka Fund sold 5.85 lakh shares of One97 Communications and over 14.67 lakh shares of Shriram Finance at average prices of Rs 428.05 and Rs 2,684.30 per piece, respectively. Meanwhile, BNP Paribas Financial Markets purchased shares of both companies at the same prices. Shriram Finance shares rose 1.75% while One97 Communications shares slipped 1.04%.

Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal

Inc42 · 1y ago

Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal

UK hedge fund Marshall Wace has sold shares of fintech giant Paytm at INR 428.05 per share. BNP Paribas Financial Markets, an affiliate of BNP Paribas, bought the shares. Paytm's share price has been rising recently due to positive restructuring news and closed the week at INR 424.90, marking an 11.5% increase on the BSE.

Motilal Oswal MF Dumps 2.8 Cr Zomato Shares; Societe Generale, Goldman Sachs, Others Buy

Inc42 · 1y ago

Motilal Oswal MF Dumps 2.8 Cr Zomato Shares; Societe Generale, Goldman Sachs, Others Buy

Motilal Oswal Mutual Fund sold 2.8 crore shares of foodtech major Zomato in a block deal worth INR 645.8 crore. This move came as Zomato's stock price saw a significant surge. The shares sold by the mutual fund were purchased by institutional investors such as Axis Mutual Fund, Citigroup, Goldman Sachs, and Societe Generale, with the latter buying the highest number of shares for INR 289.7 crore.

Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal

Inc42 · 1y ago

Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal

Motilal Oswal Mutual Fund has sold 4.5 crore shares of Zomato in a block deal worth INR 621.6 crore. The shares were purchased by BNP Paribas, Citigroup, Goldman Sachs, Morgan Stanley, and Societe Generale. Zomato's shares fell nearly 3% during early trading but ended the session 4.44% lower on the BSE. This comes after HSBC, Goldman Sachs, and Jefferies raised their price targets for Zomato due to expectations of strong growth in its food delivery and quick commerce verticals. Zomato reported profitable quarters in Q1 and Q2 of FY24.

Block Deal Buzz: PB Fintech Shares Worth INR 920 Cr Change Hands

Inc42 · 1m ago

Block Deal Buzz: PB Fintech Shares Worth INR 920 Cr Change Hands

PB Fintech's cofounders, Yashish Dahiya and Alok Bansal, sold shares worth INR 920 crore via bulk and block deals. They earned INR 619.6 crore and INR 300.6 crore, respectively. The shares, representing 1.1% of the company's total equity, were purchased by major financial institutions, including Goldman Sachs, Morgan Stanley, Societe Generale, ICICI, Tata Mutual Funds, and Citigroup.

Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares

Inc42 · 1y ago

Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares

Societe Generale sold over 86.5 lakh shares of Zomato in a block deal, amounting to INR 117.81 crore. These shares were then purchased by Marshall Wace, a British hedge fund. At the same time, Societe Generale acquired nearly 5 lakh shares of PB Fintech (parent company of Policybazaar) for INR 46.13 crore. This move comes amidst a sell-off by foreign institutional investors in the Indian equities market. Zomato has seen several block deals recently, while Policybazaar is expected to report profits starting Q3 FY24.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 1y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.

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.

Paytm slumps to A 7-month low, brokerages cut price targets after postpaid loan scale down

Inc42 · 1y ago

Paytm slumps to A 7-month low, brokerages cut price targets after postpaid loan scale down

Shares of Paytm plunged nearly 19% to a seven-month low of INR 661.3 on the BSE, following the company's decision to scale down its postpaid loans or BNPL lending category. Brokerages including Goldman Sachs and Jefferies have cut their price targets on Paytm, with Goldman Sachs also downgrading its rating to 'neutral'. The move comes after Paytm decided to focus on expanding high-ticket personal and merchant loans, following regulatory changes by the Reserve Bank of India. Paytm shares are now trading over 24% higher year-to-date.

MapmyIndia Shares Plunge 6% Amid Block Deal Buzz

Inc42 · 1y ago

MapmyIndia Shares Plunge 6% Amid Block Deal Buzz

Around 6.1 Lakh shares of CE Info Systems were traded on Wednesday, equivalent to 1.1% equity worth INR 142.6 Cr. MapMyIndia's CMD and cofounder, Rakesh Kumar Verma, sold the shares for philanthropy, and the promoters have no plans to sell any more shares. Recently, MapmyIndia's shares reached an all-time high of INR 2,745.05 after Goldman Sachs predicted a 40% increase in the share price.

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