Mutual Fund investments elevated to six.15 % from 4.99 % in December 2023.

Overseas Portfolio Buyers and Mutual Funds have elevated their stakes in One 97 Communications, the dad or mum firm of Paytm, as per shareholding sample of the corporate on March 24. Alternatively, international direct traders diminished their stake within the firm.
Based on the shareholding information in BSE, Overseas Portfolio Buyers’ stake within the firm elevated to twenty.64 % in March 2024 from 18.64 % within the earlier quarter. In December 2023, BNP Paribas Arbitrage (1.33 %) and Canada Pension Plan Funding Board (1.77 %) had been the one outstanding traders with greater than 1 % shareholding. Quick ahead to March, Tiger Pacific Grasp Fund Lp (1.04 %), Goldman Sachs (Singapore) Pte. – Odi (1.32 %), Authorities Pension Fund World (1.34 %), Societe Generale- Odi (1.40 %) Morgan Stanley Asia (Singapore) Pte- Odi (1.59 %) have turn out to be the outstanding traders.

Mutual Fund investments elevated to six.15 % from 4.99 % in December 2023. Mirae Mutual Funds have elevated their stake from 2.51 % to three.76 % whereas Nippon Mutual Funds’ shareholding elevated to 1.66 % from 1.05 %.

Overseas Direct Buyers diminished their stake from 45.08 % to 39.77 %. SoftBank group’s affiliate, SVF India Holdings (Cayman) Restricted diminished their stake from 6.46 % to 1.4 %.

On April 9, Paytm introduced Surinder Chawla, MD and CEO of Paytm Funds Financial institution, had tendered his resignation because of private causes and to discover higher profession prospects. He will likely be relieved from Paytm Funds Financial institution with impact from June 26.

Paytm’s inventory has been beneath stress after RBI imposed curbs on Paytm Funds Financial institution’s actions in January. The inventory remains to be down 46.9 % since January 31.

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