Motilal Oswal AMC raises stake in Paytm parent One 97 Communications to 5.15%. Details here
Motilal Oswal Mutual Fund increased its stake in One 97 Communications Ltd, the parent company of Paytm, past the 5% threshold. The acquisition was made through multiple schemes managed by Motilal Oswal Asset Management Company Limited.
The fund house purchased an additional 26.31 lakh shares, representing 0.41% of total equity, through open market transactions on August 11, 2024. Following this acquisition, its total shareholding in One 97 Communications rose to 3.29 crore shares, equivalent to 5.15% of the company’s total equity capital.
