No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, December 20, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

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

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 2 mins read
A A
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

Earnings Summary: Marriott International Q2 2025 earnings beat estimates

Related Posts

edit post
Bill Gates says misinformation is the burden passed to children, after daughter harassed online

Bill Gates says misinformation is the burden passed to children, after daughter harassed online

by TheAdviserMagazine
December 20, 2025
0

There are many problems billionaire tech tycoon Bill Gates is hoping to help solve: eradicating polio, water sanitization, and agricultural...

edit post
What Do Investors Need to Know About XLK and FTEC?

What Do Investors Need to Know About XLK and FTEC?

by TheAdviserMagazine
December 20, 2025
0

XLK is far larger and more liquid than FTEC, though both charge identical fees and track the U.S. technology sector...

edit post
OpenAI vs. Apple? Sam Altman is setting his sights on an even higher-stakes AI battle

OpenAI vs. Apple? Sam Altman is setting his sights on an even higher-stakes AI battle

by TheAdviserMagazine
December 20, 2025
0

All eyes are on the Big Tech LLM race and, at least in the eyes of investors, it seems like Google...

edit post
Where Will Berkshire Hathaway Be in 5 Years?

Where Will Berkshire Hathaway Be in 5 Years?

by TheAdviserMagazine
December 20, 2025
0

For the first time in 55 years, Berkshire will have a new chief executive at its helm. Berkshire’s open-ended structure...

edit post
Crypto-tied stocks slide, Argentine banks rise: week’s financials wrap

Crypto-tied stocks slide, Argentine banks rise: week’s financials wrap

by TheAdviserMagazine
December 20, 2025
0

Dec. 20, 2025 10:10 AM ETUBS, STT, WULF, BBAR, GGAL, MARA, BMNR, CLSK, HUT, PLMR, GLXYBy: Max Gottlich, SA News...

edit post
Dartmouth professor says he’s surprised just how scared his Gen Z students are of AI

Dartmouth professor says he’s surprised just how scared his Gen Z students are of AI

by TheAdviserMagazine
December 20, 2025
0

When Scott Anthony (Dartmouth College, class of 1996) left a 20-year career in high-stakes consulting to join the faculty at...

Next Post
edit post
Earnings Summary: Marriott International Q2 2025 earnings beat estimates

Earnings Summary: Marriott International Q2 2025 earnings beat estimates

edit post
Strategic readiness in indirect tax

Strategic readiness in indirect tax

  • Trending
  • Comments
  • Latest
edit post
How Long is a Last Will and Testament Valid in North Carolina?

How Long is a Last Will and Testament Valid in North Carolina?

December 8, 2025
edit post
How to Make a Valid Will in North Carolina

How to Make a Valid Will in North Carolina

November 20, 2025
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Living Trusts in NC Explained: What You Should Know

Living Trusts in NC Explained: What You Should Know

December 16, 2025
edit post
Who Should I Choose as My Powers of Attorney?

Who Should I Choose as My Powers of Attorney?

December 6, 2025
edit post
What 99% of Rookies Miss (Rookie Reply)

What 99% of Rookies Miss (Rookie Reply)

0
edit post
Looking Back and Forth | Mises Institute

Looking Back and Forth | Mises Institute

0
edit post
Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?

Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?

0
edit post
World Bank approves 0 million to bolster Pakistan’s macroeconomic stability

World Bank approves $700 million to bolster Pakistan’s macroeconomic stability

0
edit post
CySEC Imposes New Reporting Rules on Crypto Firms for MiCA Compliance

CySEC Imposes New Reporting Rules on Crypto Firms for MiCA Compliance

0
edit post
10 Loan Terms Older Adults Overlook in December Contracts

10 Loan Terms Older Adults Overlook in December Contracts

0
edit post
Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?

Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?

December 20, 2025
edit post
Bill Gates says misinformation is the burden passed to children, after daughter harassed online

Bill Gates says misinformation is the burden passed to children, after daughter harassed online

December 20, 2025
edit post
What Do Investors Need to Know About XLK and FTEC?

What Do Investors Need to Know About XLK and FTEC?

December 20, 2025
edit post
Pundit Breaks Down Ripple’s XRP Escrow: Why Is It Important?

Pundit Breaks Down Ripple’s XRP Escrow: Why Is It Important?

December 20, 2025
edit post
OpenAI vs. Apple? Sam Altman is setting his sights on an even higher-stakes AI battle

OpenAI vs. Apple? Sam Altman is setting his sights on an even higher-stakes AI battle

December 20, 2025
edit post
Quiet people usually have these 8 intimidating traits — and they don’t even realize it

Quiet people usually have these 8 intimidating traits — and they don’t even realize it

December 20, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Apple Watch vs. Oura Ring vs. WHOOP + More: Which Fitness Tracker Is Worth Your Money in 2026?
  • Bill Gates says misinformation is the burden passed to children, after daughter harassed online
  • What Do Investors Need to Know About XLK and FTEC?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

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

Welcome Back!

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
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

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