Goldman Sachs has acquired stake value over Rs 300 crore in Paytm by means of open market transactions, in line with BSE bulk deal knowledge on Tuesday.
Goldman Sachs (Singapore) Pte.- Odi, an entity of the funding financial institution, purchased 37.35 lakh shares, amounting to 0.58%, in Paytm father or mother One 97 Communications Ltd. at Rs 823.1 apiece. This takes the deal quantity to Rs 307.4 crore.
Notably, China’s Alibaba Group affiliate Antfin Netherlands Holding BV offloaded 2.54 crore shares or 4% stake in Paytm at Rs 826.04 apiece, in line with BSE bulk deal knowledge. It bought the shares increased than the ground value intimated within the time period sheet. The general quantity at which it offloaded the stake stood was Rs 2,104 crore.
Antfin Netherlands Holding BV held 9.85% stake in Paytm as of March 2025.
Earlier, in August 2023, the Ant Group had bought practically 3.6% stake within the firm for Rs 2,037 crore.
Within the quarter ended March 2025, Paytm’s web loss widened to Rs 540 crore, greater than twice the Rs 208-crore loss recorded within the earlier quarter. This was pushed by an exception lack of Rs 522 crore.
Shares of One 97 Communications on Tuesday closed 1.18% decrease at Rs 855.85 apiece on the Nationwide Inventory Alternate, in comparison with a 1.39% fall within the benchmark Nifty. The inventory has risen 149.16% within the final 12 months however fallen 15.92% on a year-to-date foundation.
Out of 19 analysts monitoring the corporate, 9 suggest a ‘purchase’ ranking on the inventory, seven suggest ‘maintain’ and three recommend ‘promote’, in line with Bloomberg knowledge. The common of the 12-month analysts’ value goal implies a possible upside of 10.1%.
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