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 were sold by Antfin (the 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, bought the Paytm shares.
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 from 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 in the company at the end of the June quarter, according to shareholding data available with the exchange.
Shares of One97 Communications fell 0.54 per cent to close at Rs 899.30 apiece on the BSE.
Jio Fin shares
Motilal Oswal Mutual Fund on Friday acquired 3.72 crore shares of Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group, for Rs 754 crore through an open market transaction.
According to the bulk deal data available with the NSE, Motilal Oswal Mutual Fund bought 3,72,00,000 shares, amounting to a 0.6 per cent stake in Jio Financial Services.
The shares were purchased at an average price of Rs 202.80 apiece, taking the transaction value to Rs 754.41 crore.
Shares of Jio Financial Services Ltd bounced back on Friday to settle in the positive territory on the NSE after unabated selling pressure since its market debut on Monday.
Recovering from a four-day slide, JFSL ended at Rs 214.50, up 0.49 per cent on the NSE.
During the day, it had fallen 4.98 per cent to hit the lower circuit limit of Rs 202.80.
On the BSE, shares of the company recovered some of the lost ground and ended at Rs 212.25, down 1.69 per cent.
The stock did manage to bounce back during the day by climbing 4.21 per cent to Rs 225 but failed to settle in the green.
