By LoanPandit
January 24, 2024
SoftBank sheds 2% stake in Paytm, reducing its holding to 5.06%. The sale amounts to Rs 950 crore.
SVF India Holdings disposes of 12.7 million One97 Communications shares, breaching the 2% threshold in Sebi Takeover regulations.
SoftBank offloads 0.55% in December and 1.4% in January. Paytm shares rise 20% in the last month, yielding Rs 950 crore.
Domestic retail investors raise Paytm stake to 12.85%, institutions to 6.06%. Bullish sentiment follows Paytm's Q3FY24 performance.
SoftBank's venture into Indian startups continues. The investor eyes new investments in Swiggy, Firstcry, and Ola Electric, anticipating robust market opportunities.