Shares of One 97 Communications, the parent company of Paytm, rose by one percent
to hit a fresh 52-week high of Rs 1,238 apiece on August 20 after Motilal Oswal Mutual
Fund crossed the 5 percent shareholding mark.
The fund house bought an additional 26.31 lakh shares, which is equal to 0.41 percent
of the company’s total equity, through open market deals on August 11, 2024. After this
purchase, its total shareholding in One 97 Communications increased to 3.29 crore
shares, representing 5.15 percent of the company’s total equity capital.
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Before this transaction, Motilal Oswal Mutual Fund held 3.02 crore shares, which was a
4.75 percent stake. With the fresh acquisition, the mutual fund has now crossed the key
5 percent disclosure threshold under SEBI’s Substantial Acquisition of Shares and
Takeovers (SAST) Regulations, 2011.
The purchase was spread across several Motilal Oswal Mutual Fund schemes,
including Motilal Oswal Nifty Midcap 100 ETF, Motilal Oswal Focused Fund, Motilal
Oswal Midcap Fund, Motilal Oswal Flexi Cap Fund, Motilal Oswal ELSS Tax Saver
Fund, Motilal Oswal Balanced Advantage Fund, Motilal Oswal Nifty Midcap 150 Index
Fund, Motilal Oswal Nifty 500 Index Fund, and others.
The move comes at a time when investor interest in fintech and digital companies is
seeing a revival, even as Paytm continues to face a demanding regulatory and
competitive environment.
On the earnings front, the company reported a strong turnaround for the quarter ended
June 2025 (Q1FY26). It posted a consolidated net profit of Rs 122.5 crore, a major
reversal from the net loss of Rs 839 crore in the same quarter last year.
Operating revenue rose 28 percent year-on-year to Rs 1,917 crore, compared to Rs
1,502 crore in Q1FY25. Sequential growth was flat at 0.3 percent as revenue in
Q4FY25 stood at Rs 1,911 crore, when the company had reported a net loss of Rs 540
crore.
The company said that revenue growth was driven by an increase in subscription-based
merchants, higher Gross Merchandise Value (GMV), and better income from financial
services distribution.
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