Domestic retail investors have increased stake in fintech major Paytm to 12.85% as on December 31 from 8.28% a quarter ago, the company disclosed in an exchange filing on Saturday.
The portion of domestic institutional investors rose to 6.06% from 4.06% in the second quarter, owing to increased investment from mutual funds.
Mutual funds have increased their stake in Paytm by 2.2% to 4.99% in the reported quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.
Meanwhile, 0.6% stake is held by alternate investment funds in the company, 0.4% by insurance companies, and 0.05% by provident funds and pension funds.
Non-resident Indians increased their stake to 0.7% from 0.5%.
Foreign institutions hold a 63.7% stake in the fintech, up 2.8% from the September quarter. The increased stake by foreign institutional investors was aided by a rise in foreign direct investment (FDI), which rose to 45.08% as on December 31 from 39.45% in the second quarter.
The shareholding of foreign portfolio investors (FPIs) is at 18% and the FPI category II saw a marginal decline of 0.45% sequentially. In the FDI category, SVF India Holdings (Cayman) reduced its stake in the company to 6.46% from 8.34%, while Berkshire Hathaway sold its 2.46% stake in December.
In August, founder Vijay Shekhar Sharma entered into an agreement with Antfin (Netherlands) Holding to purchase a 10.3% stake in the company through his overseas-owned entity Resilient Asset Management.
Currently, Sharma’s stake in the company stands at 9.1%.
The fintech’s revenues grew 32% year-on-year (y-o-y) to Rs 2,519 crore as on December 31 led by higher subscription revenue, payments business revenue and growth in loan disbursals. Additionally, its contribution profit jumped 69% y-o-y to Rs 1,426 crore.