Japan’s SoftBank has completely liquidated its stake in Paytm’s (NSE: PAYTM) parent entity One97 Communication.
According to June shareholding data, SVF India Holdings (Cayman) Limited (Softbank) sold its remaining 1.4 percent stake in the fintech company.
SoftBank has been regularly selling Paytm shares from November 2022 till last month.
The Japanese investor’s stake in Paytm was reduced to 1.4 percent by March 2024, while it was around 18.5 percent at the time of the payment company’s initial public offering in 2021.
Earlier, SoftBank had sold its entire stake in another company in India, PB Fintech, where it made profits.
According to the report, SoftBank had invested about $200 million in PB Fintech in the early days, and expected to get a return of about $650 million on its total investment in the insurance aggregator.
Shareholding In Paytm
Meanwhile, Singapore and Hong Kong-based leading hedge funds Treeline and UBS Principal Capital Asia increased their stake in Paytm to 1.18 and 1.08 percent respectively.
Total FDI shareholding declined by 2 percent from 39.77 to 37.77 percent.
Domestic mutual fund shareholding increased by 0.65 percent to 6.80 percent in the first quarter of FY25, with Mirae Mutual Fund and Nippon India Mutual Fund leading the way.
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