Investing Ideas

India: Pre-Ipo Investors are Offloading Paytm Shares. But Who Are Buying Them?

Paytm shares are oscillating around its life-time lows that has attracted bottom-fishing interest in some foreign institutional investors.

Bank of America (BofA) Securities and Morgan Stanley Asia Singapore and Société Générale are among the FIIs who have bought shares in the company in recent bulk deals.

Softbank on Thursday divested a 4.5% stake in Paytm's parent One97 Communications for INR1,631 crore through an open market transaction. Earlier this month, the lock-in period ended for the pre-offer investors that had invested in Paytm, which was listed on the bourses in November last year.

As per the NSE bulk deals, Morgan Stanley Asia Singapore has bought 60,03,468 Paytm shares whereas BofA Securities and Société Générale bought 50,26,428 and 70,85,227 Paytm shares respectively. However, SVF India Holdings (Cayman) sold out its 2,93,50,000 Paytm shares. All these buying and selling of Paytm shares were executed through bulk deal on 17th November 2022.

However, SVF India Holdings (Cayman) offloaded 2,93,50,000 Paytm shares at INR555.67 per share levels. This means, SVF India Holdings booked profit in Paytm, selling out Paytm shares worth INR16,30,89,14,500 or around INR1,630 crore.


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