FPIs, mutual funds increase their stake in Paytm

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FPIs, mutual funds increase their stake in Paytm

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Foreign portfolio investors and mutual funds have marginally increased their stake in Paytm parent One97 Communications, according to a regulatory filing.

One97 Communications’ shareholding pattern for June quarter 2022-23 shows that the number of shareholders such as Foreign Portfolio Investors (FPIs) has increased from 54 to 83, bringing the number of shares held by them to 3,53,72,428 from 2,86,80,948 in the previous March quarter.

With this, FPI’s stake in the company has gone up from 4.42 per cent to 5.45 per cent. The number of shareholders such as mutual funds also increased from just 3 to 19, with the number of shares held by them reaching 74,02,309 from 68,19,790.

Shares of Paytm rose about 18 percent to Rs 675.8 crore in the June quarter. Its shares opened at Rs 742 a piece on Wednesday morning.

In the June 2022 quarter, Paytm’s loan disbursements jumped over 5x to Rs 84.78 lakh, which was 9x higher in terms of value at Rs 5,554 crore year-on-year, reaching an annual flow rate of Rs 24,000 crore Rs.

The company’s gross merchandise volume or GMV (gross merchandise value) doubled to Rs 2.96 lakh crore year-on-year from Rs 1.47 lakh crore.

Paytm’s average monthly transaction users (MTU) in the quarter increased 49 percent to 7.48 crore from 5 crore in the June 2021-22 quarter.



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