Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications – Delhi News Daily
Business

Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications – Delhi News Daily

delhinewsdaily
Last updated: August 5, 2025 6:22 pm
delhinewsdaily
Share
SHARE


French banking behemoth Societe Generale bought over 67 lakh shares worth Rs 720 crore in Paytm parent One 97 Communications via a couple of bulk deals on Tuesday where Ant Group affiliate Antfin (Netherlands) Holding B.V. made a complete exit from the company, selling 5.84% stake that represented over 3.72 crore shares.

Societe Generale purchased these shares at a price of Rs 1,067.50 a piece, above the floor price of Rs 1,020. The floor price was at a 5.4% discount over the Monday closing price.


Paytm shares closed with 2.3% declines today, settling at Rs 1,053 crore on the NSE.

There was another bulk deal reported where My Asian Opportunities Master Fund LP bought 35 lakh shares worth Rs 374 crore. The shares were purchased at a price of Rs 1,067.50 apiece.

Antfin was the last remaining Chinese shareholder, and now Paytm will no longer have any Chinese ownership.

ET logo

Live Events


“With the long-standing overhang from a major Chinese investor now removed, Paytm’s stock could see a positive reaction as ownership concerns ease and supply pressure decreases. Such clean-out trades often provide clarity to the market, allowing investors to refocus on fundamentals and future growth. The exit also aligns the cap table more with regulatory expectations, which could be viewed favourably in the context of Paytm’s pending payment aggregator license,” said JM Financial‘s Sachin Dixit.With the exit of Antfin, Paytm’s pre-IPO cap table has seen a near-complete churn. Major early backers, including Alibaba, SoftBank, and Berkshire Hathaway, have all exited fully over the past two years. Elevation Capital (formerly SAIF Partners) now stands as the only significant pre-IPO investor still holding a stake of 15.4% as of June 2025.Read more: Antfin exits Paytm in Rs 3,800 crore bulk deal. What zero-Chinese ownership means for investors

One 97 Communications swung to profit in Q1FY26, with consolidated net gain of Rs 122.5 crore against a loss of Rs 839 crore in the year ago period. The company’s revenue from operations stood at Rs 1,917 crore, which was up 28% from Rs 1,502 crore reported in the corresponding quarter of the last financial year. One 97 Communication had reported a net loss of Rs 540 crore in Q4FY25 and it was attributable to the owners of the parent.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article IND vs ENG: Shubman Gill on Oval thriller, Siraj’s spell, and missing Rishabh Pant and Jasprit Bumrah – Delhi News Daily
Next Article ‘Antisemitism’: Fema no longer requires states to oppose Israel boycotts; DHS confirms – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • “It’s about common sense”: Perez Hilton challenges Erika Kirk’s gun problem claim after Charlie Kirk assassination – The Times of India – Delhi News Daily
  • Candace Owens accuses TPUSA of playing games with livestream invite, says the group hasn’t felt “sincere” since Charlie Kirk’s death – The Times of India – Delhi News Daily
  • Why is Tekashi 6ix9ine being sent back to prison again? Judge refuses his plea to serve his sentence at home – The Times of India – Delhi News Daily
  • Who is Candace Owens’ husband? She reveals she might beg George Farmer to let her face Erika Kirk at TPUSA talk – The Times of India – Delhi News Daily
  • “It was Erika….”: Candace Owens questions whether Erika Kirk authorized TPUSA livestream plans and controversial message – The Times of India – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

IT in a trading zone; defence out of reach of value investors: Digant Haria – Delhi News Daily

Digant Haria, Co-founder, GreenEdge Wealth, says IT stocks face muted expectations due to AI risks and economic uncertainty, favoring technical…

6 Min Read
Business

Fixed income set to perform well amid limited easing room, says Churchil Bhatt – Delhi News Daily

In the latest discussion on monetary policy and market trends, Churchil Bhatt, Executive Vice President – Investment at Kotak Mahindra…

13 Min Read
Business

Milky Mist Dairy files for Rs 2,035 crore IPO, targets expansion and debt reduction – Delhi News Daily

Milky Mist Dairy Food, one of India’s fastest-growing packaged food companies, has filed its DRHP with Sebi to raise up…

3 Min Read
Business

Asian Paints shares up 8% in 1 week amid rising momentum, even as regulatory clouds loom – Delhi News Daily

Shares of Asian Paints have gained 8.3% over the past week, rising as much as 1.8% on Thursday, as falling…

4 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?