Meanwhile, First Games, a joint venture of Paytm, has discontinued its real-money gaming business after the new law banning real money games in the country
Antfin may sell its entire 5.84 percent stake in the Paytm parent worth Rs 3,803 crore or $434 million via the block deal route.
Vijay Shekhar Sharma will also not accept any fresh ESOPs from any listed company for a period of 3 years from the date of the settlement order issued on May 8, 2025.
The settlement order was passed on January 17
Reliance Industries, Paytm, Ola Electric were among the top gainers and losers in trade on January 8
Emkay noted that PayTM's loan distribution business is expected to gain pace, while its broking and insurance distribution segment has already turned profitable.
Paytm shares are sharply down on profit taking after a 12 percent surge on Friday.
Paytm is among a dozen of stocks that could enter the futures and options segment if the proposed revision in eligibility criteria for F&O stock selection is applied, Nuvama Institutional Equities said in a note.
The wealth management app has not filed an official communication to the stock exchanges or got board approval for the new appointment.
Despite the recovery, the market capitalisation of the payments major is 30 percent down from January 31, when the RBI slapped restrictions on Paytm Payments Bank
It is effectively curtains for Paytm Payments Bank per the RBI FAQs but there is some good news for One97 Communications. Read on
RBI’s warnings on rising unsecured credit in the system and subsequent action increasing risk weights on such loans will make life harder for Paytm, which is fighting to hold on to its wallet business and payments bank, believe experts
As of December-end, domestic mutual funds held a 6.07 percent stake in Paytm, while FPIs held 63.72 percent. No big blocks have been reported on the exchanges except a Rs 244 crore purchase by Morgan Stanley in a client account.
Sources said that the margin funding book for the Paytm stock stood at close to Rs 250-300 crore before the carnage started. What caused precipitous selling was the call by some brokers for additional margins, not just for Paytm stock they were holding but also other outstanding positions
The clarification came shortly after news agency Reuters, citing two government sources, reported that the ED is investigating if platforms run by Paytm were involved in violations of foreign exchange rules.
The sources who spoke to Reuters did not indicate what specific provisions of FEMA, which covers individual and corporate transfers overseas, were the subject of the investigation by the Enforcement Directorate.
News reports also said the Reserve Bank of India may consider cancelling Paytm’s banking licence, as early as next month, once the depositors money is safe.
The central bank on January 31 said that Paytm Payments Bank will not be allowed to accept fresh deposits, undertake credit transactions, or top-ups in any customer accounts. This also includes prepaid instruments, wallets, FASTags, and NCMC cards, among others
If any of the unsecured lending begins to unravel, fintechs and the lower-rated NBFCs will see the maximum impact, says Ganapathy
Apart from these names, APL Apollo, Polycab, Macrotech Developers, Tata Motors DVR and Tata Communications could also enter the MSCI Standard Index
Shareholding patterns of new-age firms like Zomato, Paytm, PB Fintech show that mutual funds have increased their holdings in several of such companies.
"Paytm Payments Bank Limited and Paytm, which is OCL, are two very different companies not just at arm's length, I call it farm length now. The approach here is of a completely clear understanding that whatever Paytm Bank does is for its good and for their business plan," Sharma said.
Polycab's entry will bring inflows worth $194 million into the stock. Paytm's parent One97 Communications could see $167 million worth inflow, said Nuvama
It appears that block deals are here to stay. According to Nuvama Alternative Research, between August 22 and December 31, a total of 37 companies are slated to have their pre-listing shareholder lock-ins, both for promoters and non-promoters, lifted. The promoters and non-promoters may look to book profits through block deals when the lock-ins end
Prior to the resignation, PwC noted, "We have completed the statutory audit for the year ended March 31, 2023, and issued our reports on May 2, 2023."