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SoftBank Unloads 2% Paytm Share - Investors in Frenzy!

By LoanPandit

January 24, 2024

SoftBank sheds 2% stake in Paytm, reducing its holding to 5.06%. The sale amounts to Rs 950 crore.

SoftBank Trims Paytm Stake

SVF India Holdings disposes of 12.7 million One97 Communications shares, breaching the 2% threshold in Sebi Takeover regulations.

SVF India Holdings' Disposal

SoftBank offloads 0.55% in December and 1.4% in January. Paytm shares rise 20% in the last month, yielding Rs 950 crore.

Paytm's Share Surge

Domestic retail investors raise Paytm stake to 12.85%, institutions to 6.06%. Bullish sentiment follows Paytm's Q3FY24 performance.

Changing Ownership Landscape

SoftBank's venture into Indian startups continues. The investor eyes new investments in Swiggy, Firstcry, and Ola Electric, anticipating robust market opportunities.

SoftBank's Future Plans