One 97 Communications Limited
NSE: PAYTM | Information Technology
Market Fundamentals
Stock Intelligence & News
Paytm Shares Extend Declines As 2.95% Stake Changes Hands In Block Trade
The 18.9 million shares changing hands were highlighted in a market alert, which said the transaction represented 2.95% of Paytm's equity.
Read Full Analysis βPaytmβs Vijay Shekhar Sharma sets $1 billion free cash goal, sees fintechs gaining lending share
Vijay Shekhar Sharma, the founder of Paytm, has set an ambitious target of generating one billion dollars in free cash flow. He envisions that fintech companies will capture a larger share of the growing lending market. Focusing on profitability, Sharma plans to pivot away from ventures that lack clear returns.
Read Full Analysis βPaytm shares in focus as Vijay Shekhar Sharma's Resilient Asset to sell up to Rs 4,895 crore stake via block deal
Paytm parent One 97 Communications shares will be in focus on Tuesday as founder Vijay Shekhar Sharma's Resilient Asset Management BV plans to sell up to a 4.98% stake worth Rs 4,895 crore via a block deal at a floor price of Rs 1,535.10 per share.
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Stocks to watch: Paytm, Bharti Airtel, Netweb Technologies among shares in focus today; check list here
Stock market today: Gift Nifty was trading near the 24,320 mark, down over 72.70 points from the previous close of Nifty futures.
Read Full Analysis βStocks in focus: Paytm, Airtel, GMR Airports, Netweb Tech, SPR Auto, Lenskart, Manipal Health and more
Key developments include Gulshan Polyolsβ ethanol allocation worth βΉ146.66 crore, Bharti Airtelβs upcoming leadership change, and GMR Airports expanding its portfolio with a new international terminal
Read Full Analysis βResilient Asset to offload 4.98% stake in Paytm parent
Resilient Asset Management plans to sell nearly five percent of Paytm shares. This stake sale is valued at approximately five thousand crore rupees. Proceeds will go to Chinese investor Ant Financial under an existing agreement. Resilient acquired the stake from Ant Financial in twenty twenty-three. This move helps reduce Chinese influence within the fintech company.
Read Full Analysis βStocks To Watch Today: Paytm, Manapurram Finance, PNB Housing Finance , Nelco And SPR Auto Tech
Here are the notable corporate announcements that came after Monday's market hours.
Read Full Analysis βStocks in news: Airtel, Paytm, SpiceJet, ONGC and ZEE
Markets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new chairperson. Paytm's parent company will see a significant share sale on Tuesday. SpiceJet's bankruptcy petitions were deferred after a settlement was reached. ONGC secured a US license to resume operations in Venezuela.
Read Full Analysis βResilient Asset Management to sell up to 5% stake in Paytm via block deal worth up to βΉ4,895 crore
The transaction includes a base offer of 19.2 million shares (3% stake) valued at βΉ2,949 crore, with an option to upsize by 12.7 million shares (1.98% stake) worth βΉ1,946 crore
Read Full Analysis βPaytm promoter entity Resilient Asset Management to sell up to 4.98% stake
One97 Communications, parent of Paytm, announced a filing revealing that Resilient Asset Management, owned by CEO Vijay Shekhar Sharma, intends to sell up to 4.98% of its stake.
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