Paytm
There has been a big change in the share holding pattern of Paytm. While on one hand, small investors and foreign portfolio investors (FPIs) have reduced their stake in Paytm’s parent company One97 Communications during the September quarter, on the other hand, mutual fund companies have increased their stake. Let us tell you that the number of small shareholders, whose investment is less than Rs 2 lakh, has decreased from 11.43 lakh earlier to 10.27 lakh. In percentage terms, retail shareholding declined from 14.28% in June to 13.19% at the end of the September quarter.
Foreign investors also reduced their stake
Foreign portfolio investors or FPIs also reduced their stake in Paytm during the September quarter. The promoter has no stake in the stock, with FPI reducing its stake to 55.53% from 58.24% at the end of June quarter. However, India’s mutual funds have increased their stake in the stock during the last three-month period.
Mutual fund companies increased stake
The mutual fund has increased its stake in Paytm from 6.8% in June to 7.86% in September. Nippon Mutual Fund and Mirae Mutual Fund, which emerged as funds with stakes of 1% or more at the end of the June quarter, also increased their stake in the September period. Paytm shares surged 71% in the July-September period, its best-ever performance in a quarter since listing. However, this recovery came after the stock had hit a record low of ₹310 after RBI banned its payments bank. Paytm shares were listed on the stock exchanges in 2021 at an IPO price of ₹2,150 per share. Despite this recent recovery, the stock is still down 66% from its IPO price. The share is trading today with a slight fall at Rs 720.60.
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