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Major Banks Acquire Paytm Stake Amidst Investor Shift
23 May
Summary
- Global financial institutions bought a 1.34% stake in Paytm.
- The transaction value for the Paytm stake sale was ₹963 crore.
- Paytm reported a significant profit turnaround in Q4 FY26.
Global financial institutions, including prominent names like Goldman Sachs, Societe Generale, and Citigroup Global Markets, have collectively purchased a 1.34 per cent stake in One 97 Communications, the parent entity of Paytm. This acquisition, valued at ₹963 crore, was executed through open market transactions. SAIF Partners and Elevation Capital were the primary sellers in this deal.
Further investment in the fintech firm came from Ghisallo Capital Management, BNP Paribas, Copthall Mauritius Investment, and Viridian Asset Management. Domestic institutional investors such as Sundaram Mutual Fund, Nippon India MF, and Edelweiss Mutual Fund also participated. These entities acquired 85.98 lakh shares at an average price of ₹1,120.65 each.
SAIF Partners, through its affiliates, offloaded 80.08 lakh shares, reducing its holding to 12.18 per cent. Elevation Capital also disposed of 5.89 lakh shares. This stake sale occurred as Paytm announced a positive financial performance, reporting a consolidated profit of ₹183 crore for the fourth quarter ended March 2026, marking a significant turnaround from a loss of ₹545 crore in the same period last year. The company's consolidated revenue also saw an 18.4 per cent increase.
