Motilal Oswal Mutual Fund increases stake in Paytm to 5.15%

Motilal Oswal Mutual Fund has increased its stake in One Communications Ltd, the parent company of fintech major Paytm, by acquiring additional shares.

Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm through more than 20 schemes including Motilal Oswal Nifty Midcap Fund, Focused Fund, ELSS Tax Saver Fund and Nifty 500 in open market transactions on August 11, 2024, according to a regulatory filing.

Motilal Oswal Mutual Fund has raised its stake in Paytm by 0.41% to 5.15%. Following the transaction, it now holds 32,91,399 shares in the company.

The filing did not disclose the transaction value.

Recently, Ant Group, the financial services arm of Alibaba, divested about a 4% stake in One97 Communications for Rs 2,103 crore.

In Q1 FY26, Noida-based fintech firm Paytm reported revenue of Rs 1,918 crore and a net profit of Rs 123 crore, compared to a net loss of Rs 840 crore in the same quarter last fiscal.

Paytm is currently trading at 1,234.9 per share, after touching its 52-week high of Rs 1,238 earlier in the day. The company’s total market capitalization stands at Rs 78,461.45 crore ($9.23 billion).