Domestic mutual funds increase stake in Paytm, firm’s FDI dips by 2%

One97 Communications, the company that operates Paytm, has recorded an increase in the shareholding of domestic investors, including mutual funds and retail shareholders, during the first quarter of financial year 2024-25 (Q1 FY25).

Sequentially, mutual funds increased their stake by 0.65 per cent from 6.15 per cent in Q4 FY24 to 6.8 per cent in Q1. This was led by investment from Mirae Mutual Fund and Nippon India Mutual Fund, the company said.