Paytm shares: FPIs, domestic investors, mutual funds raise stake in fintech major despite stock price erosion
One 97 Communications, the parent company of Paytm, shows that the holding of domestic investors has increased in the fourth quarter of FY24 driven by mutual funds along with new FPIs buying the stock. Mutual Funds have increased their stake in Paytm by 1.17% from 4.99% in the quarter ended December 2023 to 6.15% in the March 2024 quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.
As a result domestic institutional investors (DII) witnessed an increase in stake to 6.86% from 6.06%. Also Read: Paytm Payments Bank's CEO Surinder Chawla resigns Retail investors' shareholding also went up from 12.85% to 14.53% sequentially while Non-Resident Indians (NRIs) also saw an increase from 0.67% to 0.85%.
Meanwhile, FPI shareholding in Paytm rose by 2.49% to 20.19% in Q4FY24 as new investors including Tiger Pacific Capital, Societe Generale and Norway’s Government Pension Fund Global made an entry into the stock. In the FPI category, Tiger Pacific Master Fund bought 65,79,135 Paytm shares, aggregating to 1.04% stake in the last quarter and Goldman Sachs (Singapore) Pte purchased 84,01,067 Paytm shares, or 1.32% stake.
Societe Generale bought 89,01,090 shares or 1.40 stake, Morgan Stanley Asia (Singapore) Pte bought 1,00,95,350 shares or 1.59%, and Norway’s Government Pension Fund Global purchased 85,03,220 shares or 1.34% holding in Paytm. Also Read: Paytm's Vijay Shekhar Sharma uses ChatGPT to check negative health claims about cooking oil, here's what he found Meanwhile, BNP Paribas Arbitrage and Canada Pension Plan Investment Board exited Paytm in the last quarter.
The Foreign Direct Investment (FDI) shareholding in Paytm dropped to 60% as compared to 66% in the December quarter. The shareholding by
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