Motilal Oswal Mutual Fund Boosts Stake in Paytm’s Parent Company

Motilal Oswal Mutual Fund has recently amplified its holding in One Communications Ltd, which is the parent organisation of the prominent fintech company Paytm, by acquiring additional equity. On August 11, 2024, Motilal Oswal Mutual Fund purchased 26.31 lakh shares of Paytm through over 20 different schemes, such as the Motilal Oswal Nifty Midcap Fund, the Focused Fund, the ELSS Tax Saver Fund, and the Nifty 500. This acquisition occurred via open market transactions, as reported in a regulatory filing.

With this latest acquisition, Motilal Oswal Mutual Fund has raised its stake in Paytm by 0.41%, bringing its total ownership to 5.15%. After this transaction, the fund now holds 32,91,399 shares in Paytm. The regulatory filing did not reveal the specific value of the transaction.

In a recent development, Ant Group, the financial services division of Alibaba, sold approximately a 4% stake in One97 Communications for Rs 2,103 crore. In the first quarter of FY26, the Noida-based fintech company Paytm reported revenue amounting to Rs 1,918 crore, along with a net profit of Rs 123 crore. This marks a significant turnaround from the net loss of Rs 840 crore recorded in the same quarter of the previous fiscal year.

As of now, Paytm is trading at Rs 1,234.9 per share, having reached a 52-week peak of Rs 1,238 earlier in the day. The total market capitalisation of the company is currently at Rs 78,461.45 crore ($9.23 billion).