| Company | Value | Change | %Change |
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India’s Mutual Funds, who owned a 7.86% stake at the end of the September quarter, now own a 11.2% stake Paytm. Motilal Oswal Mutual Funds’ name appears as a new addition in the December shareholding, with a 2.11% stake.
Names of Nippon Mutual Funds and Mirae Asset Mutual Funds continues to appear in the shareholding with a 2.32% and 4.17% stake respectively at the end of the December quarter.
Foreign Portfolio Investors too have marginally increased their stake in the company, from 55.5% at the end of September, to 56.2% at the end of the most recent quarter.
Morgan Stanley Asia, Tree Line Asia Master Fund, Government Pension Fund Global are some of the prominent names that appear in the shareholding pattern for December.
Founder & CEO of Paytm
, Vijay Shekhar Sharma, continues to maintain a 9.08% stake, data showed.
However, retail investors, or those with authorised share capital of up to ₹2 lakh, trimmed their stake in Paytm during the October-December period.
Retail shareholding in Paytm has now declined to 10.98% at the end of the December quarter, in comparison to the 13.19% stake they held as of September.
In absolute terms, the number of retail shareholders has also declined from 10.27 lakh at the end of September to 9.67 lakh in December.
Shares of Paytm had gained 47% between the October-December period, and even made a new 52-week high of ₹1,062.95 on December 17.
However, shares have corrected from those levels, more recently this week, after brokerage firm UBS, citing NPCI data, reported that the company has had no UPI share gain in the month of December and that the level has remained constant as it was in October and November.
As of Thursday’s closing, shares of Paytm are down 58% from their IPO price of ₹2,150. The stock ended 1% lower on Thursday, at ₹893.3.
