Page 26 - Paytm

Operating performance update points to healthy outlook for Paytm stock

By end-August the company had 8.7 million devices deployed, almost doubling from 4.5 million devices in August 2022

Paytm disbursed loans worth Rs 5,517 crore in August, average MTU up 20%

In terms of the number of loans, in July and August, the company saw a 47 per cent jump from 6 million loans in 2022 to 8.8 million in 2023

Paytm's Sharma open to increasing stake in Indian payments firm

Sharma, also CEO of Paytm, holds a 19.42% in Paytm after purchasing shares from Antfin amid broader concerns about Chinese ownership in Indian financial technology companies

Soon, make your card payments through Paytm and Pine Labs soundboxes

The company said the total deployment of all its soundboxes is pegged at 85 lakh devices in the market. Additionally, the company added that it deploys over 12 lakh soundboxes every quarter

Paytm launches $12 'soundbox' that accepts card payments across networks

Indian fintech firm Paytm on Monday launched a 'soundbox' device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express

Stocks to Watch: IDBI Bank, Paytm, Hero Moto, Eicher, BEL, ICICI Bank, RVNL

Stocks to watch on September 4, 2023: The government has invited bids to appoint an asset valuer for its stake sale in IDBI Bank

Ant Group sells 3.6% stake in Paytm for Rs 2,037 cr via open market

A subsidiary of Chinese fintech giant Ant Group on Friday sold a 3.6 per cent stake in Paytm for Rs 2,037 crore through open market transactions. The shares of Paytm's parent One97 Communications was sold by Antfin (Netherlands) Holding BV. Motilal Oswal Mutual Fund (MF), Nippon India MF, ICICI Prudential Life Insurance, Citigroup Global Markets Mauritius, Goldman Sachs (Singapore) Pte, Bay Pond Partners LP, Royal Bank of Scotland, Societe Generale, Abu Dhabi Investment Authority and International Bank for Reconstruction and Development, among others, were the buyers of the shares of Paytm. Antfin offloaded a total of 2,27,54,823 shares in 14 tranches, amounting to a 3.58 per cent stake in One97 Communications, according to the block deal data available with the BSE. The shares were sold at an average price of Rs 895.2 apiece, taking the combined transaction value to Rs 2,037 crore. Post the transactions, Antfin shareholding has declined to 20.21 per cent from 23.79 per cent stake

Paytm rallies 4%, hits 18-month high after nearly 23 mn shares change hands

The stock has so far rallied 77 per cent in 2023 as against a 6.3 gain on the BSE Sensex.

Stocks to Watch: Paytm, Reliance, BEL, Astra Microwave, Vedanta, ADF Foods

Stocks to watch on August 25, 2023: Paytm promoter Antfin is likely to sell a 3.6 per cent stake, or 23 million shares, in the fintech company via block deals today

Antfin likely to sell over 3% stake in Paytm via block deal on August 25

Deal is said to be valued at around $234 million

Paytm shareholder Antfin to sell 3.6% stake via block deal: Report

The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees

Paytm hits 52-week high as Bernstein initiates coverage; pares gains later

Brokerage firm Bernstein has initiated coverage on the stock with an 'Outperform' rating and a target price of Rs 1,100

Paytm investing in Al to make artificial general intelligence software: CEO

Paytm is investing in Al to build Artificial General Intelligence software stack, founder and CEO Vijay Shekhar Sharma said in the latest annual report and also outlined the India opportunity, the fintech firm's commitment to serve the market and build a long-term profitable business. India can expect 500 million payment consumers and 100 million merchants "not very far in future", Sharma said, as he penned a letter to shareholders in the latest annual report of One97 Communications which owns the brand Paytm. Paytm, he said, is investing in Al with an eye on building Artificial General Intelligence software stack. Sharma talked about Paytm's expanded offerings, AI capabilities, as also "an India scale Al system which will help various financial institutes in capturing possible risks and frauds, while also protecting them from new kinds of risks due to advancement in Al". India has an opportunity to become a net exporter of payment technology, software and hardware, the Paytm top .

Paytm investing to build AI software stack: Vijay Shekhar Sharma

Sharma also mentioned that Paytm has successfully established a model over the past two years for distributing small digital loans through payment relationships with both consumers and merchants

Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations

Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)

Sensex falls 388 pts, Nifty holds 19,350 amid weak global cues; PSBs outrun

Closing Bell on August 17, 2023: On the upside, only the Nifty PSU Bank index (up 1.5 per cent) outperformed the markets

Alibaba's Antfin transfers 10.3% stake to Paytm chief Vijay Shekhar Sharma

Chinese e-commerce major Alibaba group firm Antfin has transferred its 10.3 per cent stake in One97 Communications to the fintech firm's founder and CEO Vijay Shekhar Sharma, according to a regulatory filing. The deal turns One97 Communications, which operates under Paytm brand name, into a majorly Indian-owned company from being majorly owned by Chinese entities. Antfin will continue to hold the economic rights of the stake that is being transferred to Sharma. "We, Antfin (Netherlands) Holding B.V., one of the shareholders of One 97 Communication Limited, hereby file the disclosure in the format prescribed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with respect to disposal of 65,335,101 equity shares of the Company..." the filing said on Wednesday. The transaction was completed on August 14, which brought the total stake of Antfin to 13.49 per cent from 23.79 per cent earlier, the filing said. The deal makes Sharma family t

TMS Ep495: Paytm, district division, L&T buyback, Article 370

What does Paytm's Vijay Shekhar Sharma want? Do smaller districts mean better governance? Should you tender your shares in L&T buyback? What is Article 370? All answers here

IiAS raises question on Vijay Shekhar Sharma's promoter status in Paytm

IiAS has asserted that the deal not only demonstrates investors' faith in Sharma but also highlights regulatory gaps in the definition and distinction between a founder and a promoter

Green shoots of profitability finally emerging among Startups in India

Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability