The fintech behemoth is currently owned by foreign entities at 63.72 percent of its shares, up 2.8 percent from the September quarter.
Compared to 8.28 percent a quarter earlier, domestic retail investors’ stake in Paytm climbed to 12.85 percent sequentially in the third quarter ending December 2023.
Due to a rise in mutual fund investments, the share of domestic institutions also increased, rising from 4.06 percent to 6.06 percent.
According to Moneycontrol, the domestic mutual funds Mirae Mutual Fund and Nippon India Mutual Fund increased their holdings in the fintech behemoth by 2.20 percent for the quarter and now hold 4.99 percent at 3,16,64,315 shares, according to the most recent shareholding pattern for Q3 FY24.
The remaining portion is still invested in other domestic organizations, such as insurance companies (0.40), provident funds/pension funds (0.05), and alternative investment funds (0.63).
According to data, Non-Resident Indians (NRIs) have boosted their interest from 0.49 percent to 0.67 percent.
International investors
The percentage of fintech held by foreign institutions has increased to 63.72 percent, up 2.8 percent from the September quarter.
The rise in foreign direct investment (FDI) in Paytm from 39.45 percent to 45.08 percent was attributed to the increased shareholding, although Foreign Portfolio Investors (FPIs) Category 1 and 2 reduced their overall share by 2.76 percent.
After selling its 2.46% holding in Paytm in December, billionaire Warren Buffet‘s Berkshire Hathaway Inc. (BH International Holdings) withdrew from the company, while Softbank, through SVF India Holdings (Cayman), reduced its share from 8.34 percent to 6.46 percent.
According to Moneycontrol, In August, founder Vijay Shekhar Sharma agreed to purchase a 10.30 percent share in Antfin (Netherlands) Holding BV through his foreign firm Resilient Asset Management.
Following the transaction, Antfin’s share of Paytm has decreased to 9.89 percent, making Sharma’s Resilient the company’s largest shareholder with 10.29 percent.
The remaining shares are owned by SAIF Partners India IV Limited (4.60%) and SAIF III Mauritius Company (10.83%).
The founder still owns 9.11% of the company.
Paytm’s parent company, One97 Communications, announced on October 20th that its consolidated revenue for the second quarter ended September 2023 was Rs 2,519 crore, up 32% from Rs 1,914 crore in the same period the previous year. The company attributed this growth to both improved payment processing margins and increased loan disbursements.
During the second quarter of FY24, the company’s losses were reported at Rs 292 crore, compared to Rs 571 crore in the same period last year.
Paytm’s shares ended Friday’s trading session on the NSE 1.11 percent higher at Rs 692.45 apiece.
