Paytm: Domestic investors, mutual funds increase stake in Paytm
One 97 Communications, the parent company that owns the Paytm brand, has seen domestic mutual funds increase their stake in the entity, according to the latest shareholding pattern filed with the exchanges.
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Domestic mutual funds increased their stake in Paytm to 4.99% for the quarter ending December 31, 2023, from 2.79% in the previous quarter, filings show.
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Mirae Mutual Funds upped its stake in Paytm to 2.51% during the December quarter, from 1.47% previously. By the end of the last quarter, Nippon Mutual Funds also held 1.05% in the payments and financial services company.
Total shareholding of domestic retail investors in Paytm also increased sequentially to 13.41% during the same period, compared to 8.73% in the quarter ending September 30.
Even the foreign direct investment (FDI) investor portion in the company increased 5.6% sequentially to 45.08% in the quarter.
SoftBank reduced its stake in the company by 1.66%, sequentially. It currently holds a 6.46% stake in Paytm, as of December 2023.
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In August last year, Paytm founder and chief Vijay Shekhar Sharma entered into an agreement with longstanding investor Ant Financial to buy a 10.3% stake. Post the transaction, Ant would cease to be the largest shareholder in the fintech payments platform.Sharma made the purchase via his 100%-owned overseas entity, Resilient Asset Management BV. As of December 31, Antfin owns 9.89% in the company, while Sharma’s Resilient owns a 10.29% stake.
On Friday, Paytm shares closed 1% higher at Rs 692.2 apiece on BSE.
ET had earlier reported that with the central bank increasing risk weightages by 25% against unsecured lending, the cost of funds for fintechs and NBFCs alike is expected to go up. The new norms were estimated to push up the cost of funds for fintechs by 100 basis points (or 1%), making small-ticket lending increasingly non-lucrative. Paytm had announced that it will be scaling down on its sub-Rs 50,000 worth of personal loans amidst regulatory uncertainty.
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One 97 Communications, the parent company that owns the Paytm brand, has seen domestic mutual funds increase their stake in the entity, according to the latest shareholding pattern filed with the exchanges.
![]()
Domestic mutual funds increased their stake in Paytm to 4.99% for the quarter ending December 31, 2023, from 2.79% in the previous quarter, filings show.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| Indian School of Business | ISB Product Management | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
| Northwestern University | Kellogg Post Graduate Certificate in Product Management | Visit |
Mirae Mutual Funds upped its stake in Paytm to 2.51% during the December quarter, from 1.47% previously. By the end of the last quarter, Nippon Mutual Funds also held 1.05% in the payments and financial services company.
Total shareholding of domestic retail investors in Paytm also increased sequentially to 13.41% during the same period, compared to 8.73% in the quarter ending September 30.
Even the foreign direct investment (FDI) investor portion in the company increased 5.6% sequentially to 45.08% in the quarter.
SoftBank reduced its stake in the company by 1.66%, sequentially. It currently holds a 6.46% stake in Paytm, as of December 2023.
Discover the stories of your interest
In August last year, Paytm founder and chief Vijay Shekhar Sharma entered into an agreement with longstanding investor Ant Financial to buy a 10.3% stake. Post the transaction, Ant would cease to be the largest shareholder in the fintech payments platform.Sharma made the purchase via his 100%-owned overseas entity, Resilient Asset Management BV. As of December 31, Antfin owns 9.89% in the company, while Sharma’s Resilient owns a 10.29% stake.
On Friday, Paytm shares closed 1% higher at Rs 692.2 apiece on BSE.
ET had earlier reported that with the central bank increasing risk weightages by 25% against unsecured lending, the cost of funds for fintechs and NBFCs alike is expected to go up. The new norms were estimated to push up the cost of funds for fintechs by 100 basis points (or 1%), making small-ticket lending increasingly non-lucrative. Paytm had announced that it will be scaling down on its sub-Rs 50,000 worth of personal loans amidst regulatory uncertainty.
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