Domestic retail investors have increased their stake in Paytm to 12.85 percent sequentially in the third quarter ending December 2023, as against 8.28 percent a quarter ago.
The portion of domestic institutions also went up to 6.06 percent from 4.06 percent, on the back of increased investment from mutual funds.
According to the latest shareholding pattern for Q3FY24, domestic mutual funds Mirae Mutual Fund and Nippon India Mutual Fund, upped their stake in the fintech giant by 2.20 percent for the quarter, and now hold 4.99 percent at 3,16,64,315 shares.
The rest continues to be vested with other domestic institutions, including Alternate Investment Funds (0.63), Insurance companies (0.40), and Provident Funds/ Pension Funds (0.05).
The Non Resident Indians (NRIs) also increased their stake to 0.67 percent from 0.49 percent, data revealed.
Foreign investors
Meanwhile, foreign institutions now hold 63.72 percent of the fintech, a rise of 2.8 percent from the September quarter.
The increased stake was accredited to a rise in the foreign direct investment (FDI) in Paytm from 39.45 percent to 45.08 percent, even as Foreign Portfolio Investors (FPIs) Category 1 and 2 brought down their total share by 2.76 percent.
Softbank via SVF India Holdings (Cayman) brought down its share from 8.34 percent to 6.46 percent while billionaire Warren Buffet's Berkshire Hathaway Inc (BH International Holdings) exited Paytm after selling its 2.46% stake in December.
In August, founder Vijay Shekhar Sharma entered into an agreement with Antfin (Netherland) Holding BV to purchase 10.30 percent stake through his overseas owned entity Resilient Asset Management.
Post the deal, Sharma's Resilient now holds a 10.29 percent stake while Antfin stands at 9.89 percent, ceasing to be the largest shareholder of Paytm.
The rest is held by SAIF III Mauritius Company (10.83 percent) and SAIF Partners India IV Limited (4.60 percent).
The founder's stake remains the same at 9.11 percent.
One97 Communications, the parent company of payments major Paytm, on October 20 reported a consolidated revenue of Rs 2,519 crore, up 32 percent for the second quarter ended September 2023 as against a revenue of Rs 1,914 crore last year, mainly on account of improving payment processing margins and growth in its loan disbursement.
The company’s losses were recorded at Rs 292 crore in Q2 of FY24 as against a loss of Rs 571 crore in Q2 of FY23.
On Friday, the stock of Paytm closed 1.11 percent higher at Rs 692.45 apeice on NSE.
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