Stocks of One97 Communications Ltd, parent company of Paytm, dipped marginally on Tuesday after big ticket trades of about ₹2,380 crore worth of stock. The massive trades, wherein 1.7 crore shares were traded, created market interest as the names of the sellers and buyers are not known.
Market sources have informed that China's Alibaba Group subsidiary Antfin, which owns 9.85% shares in One97 Communications and is its second-largest shareholder, was the probable seller. News reports state that Antfin was looking to sell off approximately 4% of its stake in the fintech firm.
The transaction was said to have been done at a floor price of ₹809.75 per share, that is, 6% below the closing price on the previous day. Citigroup and Goldman Sachs were merchant bankers for the transaction, as per NDTV Profit.
Paytm shares dropped as much as 4.10% to ₹830.55 during the session, marking their lowest level since May 9, before recouping some losses to trade around ₹849, down 2% on the day. While the stock has surged over 145% in the past year, it has declined roughly 16.73% so far in 2025.
The share price activity was after One97's latest quarter earnings announcement, which reflected 15.7% year-over-year decline in revenue in Q4 FY25. Revenue fell to ₹1,911.5 crore, from ₹2,267.1 crore of the previous corresponding period, as other income climbed by nearly ₹100 crore to ₹223.8 crore, though this couldn't keep costs at bay and the quarter finished with a net loss of ₹544.6 crore.
Adding to investor worries, Paytm CEO Vijay Shekhar Sharma forfeited 21 million employee stock options (ESOPs) in the previous month, leading to a one-time non-cash charge of ₹492 crore.
In spite of the revenue decline, Paytm is hopeful. The company pointed out that industry players are waiting for regulatory guidance on merchant discount rates (MDR) for high-value UPI transactions — a step that can support margins.
During Q4 FY25, the Payments Services segment of the company earned ₹1,098 crore in revenue, while its Financial Services segment also performed well with a 9% quarter-on-quarter growth to ₹545 crore.
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