Shares of One97 Communications Ltd, the parent company of Paytm, dipped slightly on Tuesday after a massive trade involving 1.7 crore shares worth approximately Rs 2,380 crore took place.
The transaction occurred through multiple large orders, sparking investor attention and minor stock movement.
Although the identities of the buyers and sellers remain undisclosed, reports indicate that Antfin, a subsidiary of the Alibaba Group, likely acted as the seller.
Antfin currently holds a 9.85% stake in One97 Communications and reportedly aims to offload 4% of its holdings.
Sources reported that the company set a floor price of Rs 809.75 per share, marking a 6% discount from the previous day’s closing price. The move suggests an effort to attract institutional investors for a bulk deal.
According to reports from NDTV Profit, Citigroup and Goldman Sachs, two global investment banking giants, are managing the deal.
Following the large trade, Paytm’s stock price dropped by as much as 4.10% to Rs 830.55, hitting its lowest level since May 9. The stock later recovered some ground, trading 2% lower at Rs 849 per share.
Despite the dip, Paytm’s stock has seen a 145.24% rise over the past year, although it has declined 16.73% year-to-date.
Last week, Paytm reported a 15.7% decline in revenue for the January-March 2025 quarter (Q4 FY25), down to Rs 1,911.5 crore from Rs 2,267.1 crore in the same period last year (Q4 FY24).
While the company’s other income rose by nearly Rs 100 crore to Rs 223.8 crore, it failed to compensate for the broader financial pressure. Paytm ended the quarter with a net loss of Rs 544.6 crore, as per its stock exchange filing.
In a significant move last month, CEO Vijay Shekhar Sharma voluntarily gave up 21 million ESOPs, leading to a one-time non-cash expense of Rs 492 crore on the company’s books.
Paytm noted that the payments industry anticipates regulatory clarity on allowing merchant discount rates (MDR) for large UPI transactions, which could potentially boost profit margins.
During Q4 FY25, Paytm’s Payment Services segment generated Rs 1,098 crore in revenue, including other operating income.
Meanwhile, its Financial Services segment continued to show strength, delivering a 9% quarter-on-quarter increase in revenue to Rs 545 crore.
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