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Mutual Funds Continue To Increase Stake In Paytm; FIIs Sell Further In June Quarter

Update / Judgement Date

12 Jul 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Start-Up & DPIIT

The total shareholding of domestic mutual funds in Paytm increased to 6.8% at the end of June quarter from 6.15% at the end of the March quarter of FY24.\r


FDI stakeholding stood at 37.77% at the end of June quarter versus 39.77% at the end of Q4 FY24; SoftBank’s SVF India Holdings (Cayman) Limited now holds below 1% stake.\r


Foreign portfolio investors' stake in the fintech major also came down to 20.48% in Q1 FY25 from 20.64% in March quarter.