No Result
View All Result
  • Login
Friday, October 17, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications

by FeeOnlyNews.com
2 months ago
in Business
Reading Time: 2 mins read
A A
0
Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications
Share on FacebookShare on TwitterShare on LInkedIn


French banking behemoth Societe Generale bought over 67 lakh shares worth Rs 720 crore in Paytm parent One 97 Communications via a couple of bulk deals on Tuesday where Ant Group affiliate Antfin (Netherlands) Holding B.V. made a complete exit from the company, selling 5.84% stake that represented over 3.72 crore shares.

Societe Generale purchased these shares at a price of Rs 1,067.50 a piece, above the floor price of Rs 1,020. The floor price was at a 5.4% discount over the Monday closing price.

Paytm shares closed with 2.3% declines today, settling at Rs 1,053 crore on the NSE.

There was another bulk deal reported where My Asian Opportunities Master Fund LP bought 35 lakh shares worth Rs 374 crore. The shares were purchased at a price of Rs 1,067.50 apiece.

Antfin was the last remaining Chinese shareholder, and now Paytm will no longer have any Chinese ownership.

Live Events

“With the long-standing overhang from a major Chinese investor now removed, Paytm’s stock could see a positive reaction as ownership concerns ease and supply pressure decreases. Such clean-out trades often provide clarity to the market, allowing investors to refocus on fundamentals and future growth. The exit also aligns the cap table more with regulatory expectations, which could be viewed favourably in the context of Paytm’s pending payment aggregator license,” said JM Financial’s Sachin Dixit.With the exit of Antfin, Paytm’s pre-IPO cap table has seen a near-complete churn. Major early backers, including Alibaba, SoftBank, and Berkshire Hathaway, have all exited fully over the past two years. Elevation Capital (formerly SAIF Partners) now stands as the only significant pre-IPO investor still holding a stake of 15.4% as of June 2025.Read more: Antfin exits Paytm in Rs 3,800 crore bulk deal. What zero-Chinese ownership means for investors

One 97 Communications swung to profit in Q1FY26, with consolidated net gain of Rs 122.5 crore against a loss of Rs 839 crore in the year ago period. The company’s revenue from operations stood at Rs 1,917 crore, which was up 28% from Rs 1,502 crore reported in the corresponding quarter of the last financial year. One 97 Communication had reported a net loss of Rs 540 crore in Q4FY25 and it was attributable to the owners of the parent.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



Source link

Tags: bulkbuysCommunicationscroredealGénéralelakhPaytmsharesSociétéWorth
ShareTweetShare
Previous Post

How 39% Swiss tariffs will hit prices

Next Post

Trump says Treasury Secretary Bessent ‘does not want’ to be Fed chair, but 4 others in running

Related Posts

Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M

Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M

by FeeOnlyNews.com
October 17, 2025
0

Tomra Systems ASA press release (OTCPK:TMRAY): Q3 Non-GAAP EPS of EUR0.05. Revenue of EUR306M (-6.1% Y/Y). Cash flow from operations...

Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

by FeeOnlyNews.com
October 17, 2025
0

As US bond yields show signs of pullback, investors are weighing potential risks to global growth and the likelihood of...

Infosys shares in focus after Q2 PAT jumps 13% YoY, ADRs fall 2%

Infosys shares in focus after Q2 PAT jumps 13% YoY, ADRs fall 2%

by FeeOnlyNews.com
October 16, 2025
0

Shares of Infosys are expected to be in focus on Friday, October 17, after the IT major posted a 13%...

U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy

U.S. stocks fall as midsized bank earnings worry traders about underlying state of the economy

by FeeOnlyNews.com
October 16, 2025
0

U.S. stocks fell on Thursday, hurt by drops for midsized banks as worries flare about the loans they’ve made. The...

Does college offer a return on investment? ‘It’s front of mind for universities today in a way that it was not necessarily 15, 20 years ago’

Does college offer a return on investment? ‘It’s front of mind for universities today in a way that it was not necessarily 15, 20 years ago’

by FeeOnlyNews.com
October 16, 2025
0

For a generation of young Americans, choosing where to go to college — or whether to go at all — has become...

MH announces balance sheet optimization with 0M of debt reduction

MH announces balance sheet optimization with $150M of debt reduction

by FeeOnlyNews.com
October 16, 2025
0

McGraw Hill (NYSE:MH) announced on Thursday that it has successfully strengthened its balance sheet with a $150M prepayment of principal under...

Next Post
Trump says Treasury Secretary Bessent ‘does not want’ to be Fed chair, but 4 others in running

Trump says Treasury Secretary Bessent 'does not want' to be Fed chair, but 4 others in running

Earnings Summary: Marriott International Q2 2025 earnings beat estimates

Earnings Summary: Marriott International Q2 2025 earnings beat estimates

  • Trending
  • Comments
  • Latest
Bitcoin: Breakout Above 7K Resistance Could Unlock Fresh Upside

Bitcoin: Breakout Above $117K Resistance Could Unlock Fresh Upside

September 19, 2025
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

0
Alibaba says AI spending for e-commerce Taobao Tmall is breaking even

Alibaba says AI spending for e-commerce Taobao Tmall is breaking even

0
Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M

Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M

0
Does college offer a return on investment? ‘It’s front of mind for universities today in a way that it was not necessarily 15, 20 years ago’

Does college offer a return on investment? ‘It’s front of mind for universities today in a way that it was not necessarily 15, 20 years ago’

0
24 Online Career Certifications That Can Boost Your Income

24 Online Career Certifications That Can Boost Your Income

0
What to look for when American Airlines (AAL) reports Q3 2025 earnings results

What to look for when American Airlines (AAL) reports Q3 2025 earnings results

0
Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M

Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M

October 17, 2025
Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

October 17, 2025
Alibaba says AI spending for e-commerce Taobao Tmall is breaking even

Alibaba says AI spending for e-commerce Taobao Tmall is breaking even

October 17, 2025
Russia’s Digital Draft – Reservists Called To Frontlines

Russia’s Digital Draft – Reservists Called To Frontlines

October 17, 2025
Infosys shares in focus after Q2 PAT jumps 13% YoY, ADRs fall 2%

Infosys shares in focus after Q2 PAT jumps 13% YoY, ADRs fall 2%

October 16, 2025
Ripple Labs plans  billion digital asset treasury to buy XRP: Report

Ripple Labs plans $1 billion digital asset treasury to buy XRP: Report

October 16, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Tomra Systems ASA Non-GAAP EPS of EUR 0.05, revenue of EUR 306M
  • Global markets stay resilient despite geopolitical concerns, says Cameron Brandt
  • Alibaba says AI spending for e-commerce Taobao Tmall is breaking even
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.