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Elevation trims Paytm stake via Rs 1,556 Cr bulk deal

EntrackrEntrackr · 11d ago
Elevation trims Paytm stake via Rs 1,556 Cr bulk deal
Medial

Elevation trims Paytm stake via Rs 1,556 Cr bulk deal Paytm’s parent One97 Communications witnessed a significant shareholder shift this week as Elevation Capital (formerly SAIF Partners) offloaded a 1.86% stake in the fintech major through a bulk deal worth Rs 1,556 crore. According to data available on the National Stock Exchange, Elevation Capital and an affiliated entity together sold 1.19 crore equity shares at an average price of Rs 1,305 per share. The share sale trims Elevation’s ownership in One97 from 15.33% to nearly 13.47%, as per regulatory disclosures. While the investment firm has been one of Paytm’s earliest and most influential backers, this transaction does not mark a full exit. This comes months after Ant Group, the financial services arm of Alibaba, divested around 4% in One97 Communications for Rs 2,103 crore (about $246 million). Simultaneously, domestic institutional investors have shown growing interest. Motilal Oswal has increased its stake to 5.15% in the Noida-based fintech player. Paytm’s regulatory environment has also seen movement this year. In August, its subsidiary Paytm Payments Services Ltd (PPSL) secured in-principle approval from the Reserve Bank of India to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. 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. Elevation Capital’s partial offload highlights a broader shift in the venture ecosystem, where early-stage funds are increasingly monetizing legacy positions in unicorns. For Elevation, the move may free up capital for fresh bets across deeptech, fintech, and B2B categories, areas where the firm has been actively deploying in recent years.

Paytm to invest Rs 455 Cr in subsidiaries, discontinue First Games

EntrackrEntrackr · 3m ago
Paytm to invest Rs 455 Cr in subsidiaries, discontinue First Games
Medial

Paytm to invest Rs 455 Cr in subsidiaries, discontinue First Games The board cleared investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues. One 97 Communications Limited, the parent company of Paytm, approved a series of strategic measures at its board meeting on August 25. The board cleared investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues. Both are wholly owned subsidiaries and the infusion will not change the shareholding, the company informed through a stock exchange filing. The company also approved the 100% acquisition of Foster Payment Networks for up to Rs 61 crore to make it a fully owned subsidiary. The Noida-based company also proposed transfer of equity in First Games Technology from Paytm Cloud Technologies to Paytm Services for up to Rs 140 crore. Meanwhile, Paytm’s gaming arm First Games has discontinued its real money gaming business after the government notified the Promotion and Regulation of Online Gaming Act 2025. The company said that First Games contributes nothing to consolidated revenues and carries a nil book value. The new Online Gaming Act bans all real money games in India. Platforms including Dream11, MPL, Zupee, Gameskraft, My11Circle, Probo, WinZo and others have already shut their RMG verticals.

Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26

EntrackrEntrackr · 26d ago
Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26
Medial

Fintech major One97 Communications Ltd (Paytm) reported a 24% year-on-year rise in operating revenue for the quarter ended September 2025 (Q2 FY26), with a profit of Rs 21 crore during the same period. Paytm’s revenue from operations increased to Rs 2,061 crore in Q2 FY26 from Rs 1,659 crore in Q2 FY25, according to unaudited consolidated financial statements scoured from the National Stock Exchange. As per the earnings call, its payment revenue grew 21% YoY to Rs 1,146 crore while income from the financial services biz saw a 63% growth to Rs 611 crore in Q2 FY26. The company also added Rs 222 crore from other non-operating sources, bringing its overall revenue to Rs 2,283 crore in Q2 FY26. Employee benefits remained the largest cost center, accounting for 32% of the overall expenditure, which stood at Rs 663 crore in Q2 FY26, followed by payment processing charges, which recorded at Rs 629 crore in the same period. Its marketing, software, technology, promotional incentive, and other indirect costs took the total expenditure to Rs 2,062 crore in Q2 FY26 from Rs 2,245 crore in the same quarter of the previous fiscal year. Despite the top-line growth, its net profit nosedived 98% YoY to Rs 21 crore from Rs 930 crore a year ago, largely due to the absence of a one-time gain that boosted the base quarter and an impairment loss booked this time. The company took a Rs 190 crore exceptional charge against loans extended to its gaming joint venture, First Games Technology, after the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which prohibits online gaming. Paytm’s cash and cash equivalents stood at Rs 1,835 crore as of September 2025, with total assets rising to Rs 22,537 crore from Rs 21,448 crore at the end of FY25. The company’s board also approved an additional investment of Rs 2,250 crore in Paytm Payments Services Ltd (PPSL) through a rights issue to strengthen the subsidiary’s net worth and fund the transfer of its offline payments business, in line with RBI’s regulatory guidance issued in September 2025. At the end of today’s session, Paytm’s shares were hovering at Rs 1,269 with the total market capitalization of Rs 46,523 crore or $5.2 billion.

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