Last month, through open market operations, SoftBank sold an additional 2 percent stake in Paytm’s parent company One97 Communications, its largest listed investment in India.

Following the recent sale, the Japanese investor now has a short stake of about 5.06 percent.

Also read: Paytm’s Q3 loss narrows to Rs 221.7 crore, revenue up 38% YoY

“SVF India Holdings (Cayman) Limited has disposed of a total of 12,706,807 equity shares of One97 Communications Limited in a series of disposals made between December 19, 2023 and January 20, 2024, with the disposal taking place on January 20, 2024. has been violated. The limit specified in Regulation 29(2) of the SEBI Takeover Regulations,” moncontrol The company was quoted as saying on January 24.

The investor, which held about 7 percent stake in the fintech giant last year, sold 0.55 percent stake in December and an additional 1.4 percent in January. The move coincides with a 20 percent rise in Paytm shares in the last month.

The recent sale of 2 per cent stake generated revenue of about Rs 950 crore.

In the third quarter ending December 2023, domestic retail investors sequentially increased their stake in Paytm from 8.28 percent to 12.85 percent.

The stake of domestic institutions, potentially acquiring stakes previously held by Japanese investors, increased to 6.06 percent from 4.06 percent.

For the third quarter ending December 2023 (Q3FY24), the fintech reported 38 per cent growth in consolidated revenues to Rs 2,850 crore, while losses narrowed to Rs 222 crore.

beyond paytm

Apart from the sequential sale of Paytm stake, last year, SoftBank’s venture capital fund, SVF Growth (Singapore) Pte Ltd concluded the exit of online food delivery platform Zomato, fetching about Rs 1,125 crore.

according to a moncontrol According to the report, SoftBank had offloaded Zomato shares after the platform acquired Blinkit in 2022. The 12-month lock-in period for these shares ended in August 2023, prompting SoftBank to begin the offloading process.

according to a at According to the report, the investor finalized his departure from PB Fintech by selling his remaining stake in a transaction in mid-December, generating 3X returns of around Rs 914 crore.