Motilal Oswal Mutual Fund Increases Stake in One Communications Ltd

Motilal Oswal Mutual Fund has enhanced its ownership in One Communications Ltd, the parent entity of the well-known fintech company Paytm, by procuring more shares. The mutual fund acquired 26.31 lakh shares of Paytm through over 20 investment schemes that include the Motilal Oswal Nifty Midcap Fund, Focused Fund, ELSS Tax Saver Fund, and Nifty 500, in open market transactions conducted on August 11, 2024, as stated in a regulatory filing.

As a result of this acquisition, Motilal Oswal Mutual Fund raised its stake in Paytm by 0.41%, bringing it to a total of 5.15%. Following this transaction, the fund now possesses 32,91,399 shares in the fintech organisation. The filing did not include any information regarding the transaction value.

In a recent development, Ant Group, the financial services branch of Alibaba, sold approximately a 4% stake in One97 Communications for Rs 2,103 crore. During the first quarter of FY26, the Noida-based fintech entity Paytm reported a revenue of Rs 1,918 crore, accompanied by a net profit of Rs 123 crore, contrasting with a net loss of Rs 840 crore for the same quarter in the previous financial year.

Currently, Paytm’s shares are trading at Rs 1,234.9, after reaching their 52-week peak of Rs 1,238 earlier in the day. The company’s overall market capitalisation is recorded at Rs 78,461.45 crore (approximately $9.23 billion).