Top investor Akash Bhansali increased his stake in One 97 Communications, the company behind Paytm, to 1.21% in the quarter ending June, according to BSE data.
Besides Paytm, Bhansali holds shares in 19 other companies with a total net worth of over ₹5,980.4 crore, as per Trendlyne. When an individual investor holds 1% or more of a company’s shares, it is reflected in the public shareholding.
Retail investors’ shareholding in Paytm rose from 15.32% in the March quarter to 16.56% in the June quarter. Domestic mutual funds also increased their stakes, with Nippon Mutual Funds and Mirae Mutual Funds raising their holdings to 1.76% and 3.92%, respectively. However, foreign direct investments (FDIs) decreased by 2% to 37.77% from 39.7% in the previous quarter. Notably, SoftBank’s SVF India Holdings (Cayman) Limited’s shareholding fell below 1%.
Paytm’s stock has experienced significant volatility since February due to the Reserve Bank of India’s (RBI) embargo on Paytm Payments Bank, which halted all banking services. Despite hitting a 52-week low of ₹310, the stock closed at ₹465.20 on Friday, down 3.13%.
Paytm reported a loss of ₹550 crore in Q4 ending March 2024, compared to ₹169 crore in the same quarter last year. Revenue from operations fell 3% year-on-year to ₹2,267 crore from ₹2,334 crore.
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