Indian investor share in Paytm exceeds 56%, domestic ownership grows

97 Communications Ltd, the parent company of Paytm, reported that the aggregate share of Indian investors exceeded 56 percent as of the end of the September quarter of the fiscal year 2027. Furthermore, domestic institutional ownership reached a record 29.5 percent, according to the company's report filed with stock exchanges on Wednesday.

As of September 30, 2026, domestic institutional investors held 29.51 percent of the company, which is higher than the 24.9 percent recorded in the June quarter. These domestic institutional holders included Indian mutual funds, insurance companies, provident funds, and pension funds.

It is worth noting that the share of Indian owners in Paytm has remained above 50 percent for the third consecutive quarter, starting from March 2026.

Growth in Mutual Fund Share

Domestic mutual funds increased their total share to 21.17 percent in the second quarter of fiscal year 2027, up from 17.9 percent in the previous quarter. As of September 30, their assets amounted to 13.58 billion shares. Participants in this growth included Kotak Mutual Fund, which increased its stake from 1.51 percent to 2.13 percent; SBI Mutual Fund, holding 1.47 percent; Axis Mutual Fund at 1.13 percent; and Sundaram Mutual Fund at 1.05 percent.

Increase in Insurance Company Share

Domestic insurance companies increased their combined share to 6.22 percent in the September quarter, up from 5.3 percent in the previous quarter. Tata AIA Life Insurance held a stake of 2.17 percent, and SBI Life Insurance held 1.74 percent as of September 30. Provident and pension funds maintained their share at 0.88 percent, slightly increasing from 0.87 percent in the last quarter.

Decline in Foreign Direct Investment Share

According to the submitted report, the share of foreign direct investment (FDI) decreased to 18.43 percent in the second quarter of fiscal year 2027, down from 23.8 percent in the first quarter of fiscal year 2027. Foreign portfolio investors collectively controlled 25.09 percent, of which 24.36 percent belonged to Category I investors and 0.73 percent to Category II investors.

In the September quarter, the company conducted two major block deals. Entities associated with Elevation Capital sold about 2.3 percent of Paytm for 203.8 billion rupees, while Resilient Asset Management BV realized approximately 3 percent for 294.9 billion rupees. The company's report showed that as of the end of September, Resilient Asset Management BV owned 7.19 percent of Paytm. Overall, the FDI share accounted for 18.43 percent of the company's equity capital.

Similar stories

timesofindia.indiatimes.comOctober 12, 07:04

Indian agricultural seed sector accounted for the largest share of Access and Benefit Sharing revenues from April to September

From April to September of the current fiscal year, India's agricultural seed sector accounted for the largest share of revenue received from users of the country's biological resources under the Access and Benefit Sharing (ABS) regulations.

This legislative mechanism ensures that when local genetic resources generate commercial benefits, a fair share of the funds is directed to states and communities to support this biodiversity.

The Management, which is a government body under the Biological Diversity Act of 2002, oversees access to India's biological resources and associated knowledge, and implements the principle of fair and equitable benefit-sharing established by the Nagoya Protocol, which is a global convention.

The ABS mechanism goes beyond simple monetary collection, linking the use of biological resources with biodiversity conservation.

business-standard.comSeptember 30, 16:39

State Bank of India acquires about 40% of Reliance's $1.35 billion debt offering

The State Bank of India, the country's largest creditor, led the demand for the sale of Reliance Industries' 10-year bonds worth 130 billion rupees ($1.35 billion), according to five sources familiar with the deal on Wednesday.

According to these sources, the state bank acquired bonds worth nearly 50 billion rupees, which accounts for approximately 40% of the total offering. These bonds were rated 'AAA' by the rating agencies Crisil and CareEdge and carried an annual coupon rate of 7.90%.

'AAA' is the highest credit rating, indicating the company's exceptionally strong ability to meet its debt obligations and a very low risk of default. Indian companies have accelerated domestic borrowing to secure financing before potential tightening of monetary policy by the Reserve Bank of India amid inflation driven by high energy prices.

Sources requested anonymity as they are not authorized to speak to the media. Among the largest investors in this issue were ICICI Prudential Mutual Fund, SBI Pension Fund, and ICICI Prudential Life Insurance.

One investor noted that banks and insurance companies were actively buying the securities, even at a slight premium, because long-term high-quality securities are always in short supply. This transaction followed the sale of the conglomerate's five-year bonds, which deals in oil and telecommunications, worth 120 billion rupees two weeks ago, with a coupon of 7.47%.

This was the group's first rupee bond issuance since November 2023, when it raised 200 billion rupees in what was then the largest local currency bond sale by an Indian non-financial company. During this week, other companies such as Delhi International Airport and the mining company Vedanta have already issued notes in rupees, and Sun Pharmaceutical Industries is considering issuing bonds worth about 100 billion rupees.