PhreeNewsPhreeNews
Notification Show More
Font ResizerAa
  • Africa
    • Business
    • Economics
    • Entertainment
    • Health
    • Politics
    • Science
    • Sports
    • Tech
    • Travel
    • Weather
  • WorldTOP
  • Emergency HeadlinesHOT
  • Politics
  • Business
  • Markets
  • Health
  • Entertainment
  • Tech
  • Style
  • Travel
  • Sports
  • Science
  • Climate
  • Weather
Reading: Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications
Share
Font ResizerAa
PhreeNewsPhreeNews
Search
  • Africa
    • Business
    • Economics
    • Entertainment
    • Health
    • Politics
    • Science
    • Sports
    • Tech
    • Travel
    • Weather
  • WorldTOP
  • Emergency HeadlinesHOT
  • Politics
  • Business
  • Markets
  • Health
  • Entertainment
  • Tech
  • Style
  • Travel
  • Sports
  • Science
  • Climate
  • Weather
Have an existing account? Sign In
Follow US
© 2025 PhreeNews. All Rights Reserved.
PhreeNews > Blog > World > Business > Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications
1754436064 articleshow.jpg
Business

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

PhreeNews
Last updated: August 5, 2025 11:21 pm
PhreeNews
Published: August 5, 2025
Share
SHARE
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)

How To Invest In Natural Resources: Diversify Your Portfolio From The Ground Up
Stocks to Track Today (June 25): Infosys, BSE, IndiGo, V-Mart, Aegis Logistics & more
Chinese AI models challenge US dominance as tech gap narrows
Work to begin on two Tel Aviv seafront towers
Lt Gen AK Bhatt On Axiom-4’s Impact On India
TAGGED:bulkbuysCommunicationscroreDealGeneralelakhPaytmsharesSocieteworth
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Forex

Market Action
Popular News
381244 ipo initial public offering word chart business content 3d rendering35719 27541.jpg
Business

Anthem Biosciences raises Rs 1,016 crore from anchor investors ahead of IPO

PhreeNews
PhreeNews
July 13, 2025
Namibia Safari Adventures: From Desert Elephants to Deadvlei Trees
Best Day Trips from Toronto for 2025: Top 24 Escapes
Celebrities Who Rehomed Their Pets
Space entrepreneurs see defense projects as a future frontier for funding and innovation

Categories

  • Business
  • Sports
  • Tech
  • Entertainment
  • Tech
  • Travel
  • Economics
  • Sports
  • Travel
  • Entertainment

About US

At PhreeNews.com, we are a dynamic, independent news platform committed to delivering timely, accurate, and thought-provoking content from Africa and around the world.
Quick Link
  • Home
  • Blog
  • About Us
  • My Bookmarks
Important Links
  • About Us
  • 🛡️ PhreeNews.com Privacy Policy
  • 📜 Terms & Conditions
  • ⚠️ Disclaimer

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© 2025 PhreeNews. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?