Akshata Sharma
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Indian mutual funds further increased their stake in fintech giant Paytm in the June quarter of FY25, while the share of foreign institutional investors (Flls) in the company continued to decline
As per the BSE data, the total shareholding of domestic mutual funds in the company increased to 6.8% at the end of June quarter from 6.15% at the end of the March quarter of FY24. This was led by an increase in stakes of Mirae Mutual Fund and Nippon India Mutual Fund.
While Nippon increased its stake in Paytm to 1.76% from 1.66% earlier, Mirae Mutual Fund increased its stake in the company to 3.92% from 3.76% in the previous quarter.
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.
Foreign portfolio investors' stake in the fintech major also came down to 20.48% in Q1 FY25 from 20.64% in the March quarter.
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