In line with knowledge launched by BSE, mutual funds expanded their shareholding within the March quarter to six.15% from 4.9% in December 2023. Mirae Mutual Fund and Nippon India Mutual Fund have acquired extra shares in Paytm in these three months.
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After Softbank lowered its stake in Paytm by 5%, the general overseas direct funding within the firm fell to 1.4% in March 2024 from 6.46% within the December quarter.
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Portfolio buyers elevated their shareholding in Paytm by 2.49% by lapping up greater than 15 million shares, the corporate stated in a press launch.
Paytm is but to file its March quarter financials. In a separate change submitting immediately, the cost firm stated that Surinder Chawla, the chief government of its affiliate entity Paytm Funds Financial institution had resigned and can go away the corporate on June 26.
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Paytm’s shares closed at Rs 404.3 on the BSE down 1.95%. General BSE remained virtually fla with a fall of 0.08%.
