- Advertisement -

Retail investors and funds increase stakes in Paytm amid revenue growth By Investing.com

0




NEW DELHI – Indian digital payment giant Paytm has seen a notable shift in its shareholder structure, with domestic retail investors and mutual funds increasing their investments in the company. This development comes as the company reports a significant rise in its quarterly revenue.

On Saturday, it was disclosed that domestic retail investors now hold over twelve percent of Paytm’s shares. Additionally, domestic institutional investors have raised their stakes to more than six percent. Mutual funds, including prominent names such as Mirae and Nippon India, have collectively grown their investment in Paytm to nearly five percent.

The company’s founder, Vijay Shekhar Sharma, has also increased his ownership to over nine percent following a recent transaction with Antfin. This move signifies a growing confidence among Indian investors in the fintech firm’s prospects.

Despite some international investors scaling back, the foreign institutional presence in Paytm remains substantial. Notably, Softbank (OTC:) and Berkshire Hathaway (NYSE:) have reduced their holdings, with the latter selling off its entire stake in December.

The bolstered investor interest coincides with Paytm’s announcement on Friday of a thirty-two percent increase in its second-quarter revenue compared to the same period last year. This robust performance highlights the company’s growing financial health and may underpin the recent investor enthusiasm.

The shift in Paytm’s investor base, marked by a rise in domestic stakes, aligns with broader market trends where local investors are increasingly participating in the growth of Indian technology firms.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



Source link

Leave A Reply

Your email address will not be published.