Paytm Shares Tumble 4% as Big Investors Offload Stakes Worth ₹960 Crore
Paytm Shares Tumble 4% as Big Investors Offload Stakes Worth ₹960 Crore
Investors like SAIF Partners and Elevation Capital reportedly sold a 1.3% stake in Paytm. Find out what this major block deal means for the fintech giant's stock.
Shares of One 97 Communications, the parent company of Paytm, took a significant hit on Friday, dropping around 4% even as the broader market enjoyed gains. This sudden slide comes on the heels of a massive block deal where major investors reportedly sold off stakes worth over ₹960 crore.
The transaction involved approximately 86 lakh shares, representing about 1.3% of the company's total equity. Existing heavyweights like SAIF Partners and Elevation Capital are believed to be the ones offloading their holdings. The shares changed hands at a floor price of ₹1,120.65, which was roughly a 3% discount from the previous day's closing price.
While the Sensex and Nifty were both trading in the green, Paytm’s stock bucked the trend, hitting a low of ₹1,112.60 on the National Stock Exchange. This sell-off managed to put pressure on the fintech giant despite the positive sentiment across the rest of the Indian market.
It is an interesting time for the company. Just recently, Paytm reported a net profit of ₹184 crore for the fourth quarter of the 2026 fiscal year—a massive improvement compared to the loss of ₹540 crore reported in the same period a year prior. However, despite these improving fundamentals and a 35% gain over the last year, the stock has struggled in 2026, dropping about 14% since the start of the year.
Currently headquartered in Noida, Paytm remains a closely watched player in the Indian fintech space. This latest move by institutional investors raises questions about their long-term outlook, even as the company shows signs of financial recovery.
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