FPIs Societe Generale, UBS and Tiger Pacific reduce stakes in Paytm below 1%
Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia reduced their holdings in Paytm owner One 97 Communications below 1% in the September ended quarter.
Societe Generale held a 1.98% stake in the Paytm parent in the April-June quarter while Tiger Pacific and UBS held 1.3% and 1.06% shares, respectively.
Details of investors who have a stake of 1% or above will reflect in the BSE shareholding data of the listed company.
Shares of Paytm today fell to a low of Rs 700 on the BSE, falling by 3% intraday amid weakness in the overall markets. The stock has witnessed a strong rally in the past 6 months, gaining by over 80%. This is a strong outperformance over S&P BSE Sensex which has gained 12% in this period.
However, on a one-year basis, Paytm shares are down by 25%.
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