New Delhi (India), January 9 (ANI): Domestic institutions continued to buy into Paytm, driven by strong Q2 2024-25 results and a clear path towards EBITDA ahead of ESOP breakeven in Q4.

This growth reflected increasing confidence in Paytm’s strong financial performance and leadership in India’s digital payments ecosystem.

Domestic mutual funds contributed significantly to this growth, increasing their holdings by 3.3 percent to 11.2 percent, showing continued interest from domestic institutions.

Among the notable changes, Motilal Oswal Mutual Fund increased its stake to 2.1 per cent, expressing confidence in Paytm’s growth potential.

While reducing its stake slightly, Mirae Asset still maintains a sizeable 4.2 percent stake, reaffirming institutional confidence in the company’s robust fundamentals.

In addition, Nippon Mutual Fund’s shareholding remained stable at 2 percent, further underscoring the continued support of domestic institutional investors.

Foreign Portfolio Investors (FPIs) further strengthened institutional ownership, with their shareholding increasing by 0.7 percent during the quarter.

The number of FPIs holding Paytm shares grew by 20 units and reached a total of 237.

FPI increased its holdings from 115 million to 119 million shares, registering a growth of 0.72 percent to 19 percent, further highlighting the global institutional interest in Paytm’s business model.

As Bernstein points out, Paytm is leading the Indian payments ecosystem’s transition from disruption to monetization.

The company’s innovative strategies, including device-based monetization and its increasing focus on credit-driven payment solutions, position the company for sustained profitability.

With a clear roadmap to EBITDA breakeven by Q4 2024-25 and strong institutional support, Paytm continues to expand its leadership position in India’s rapidly evolving fintech landscape. (ANI)

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