{"id":260220,"date":"2022-11-17T17:07:00","date_gmt":"2022-11-17T17:07:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/?p=260220"},"modified":"2022-11-17T17:07:00","modified_gmt":"2022-11-17T17:07:00","slug":"after-softbank-stake-sale-paytm-shares-drop-over-10-10-points","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2022\/11\/17\/after-softbank-stake-sale-paytm-shares-drop-over-10-10-points\/","title":{"rendered":"After SoftBank Stake Sale, Paytm Shares Drop Over 10%: 10 Points"},"content":{"rendered":"

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Analysts, however, expect the stock to attract buying interest soon.<\/p>\n<\/div>\n

New Delhi: <\/b>
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tShares of Paytm’s parent form One97 Communications tanked over 10 per cent in the stock market today. \t\t\t\t\t\t\t\t\t\t<\/p>\n

Here Are 10 Facts About The Fundamentals Of The Stock:<\/h2>\n
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  1. \n

    Early investor Softbank offloading a 4.5 per cent stake in the company triggered today’s heavy sell-off. Softbank sold a part of the stake at Rs 555 to Rs 601 range which at the lower end was at a discount to its closing price on Tuesday.<\/p>\n<\/li>\n

  2. \n

    Most new-age tech stocks have been at the receiving end of investor fury. Paytm is among the worst hit in this lot.<\/p>\n<\/li>\n

  3. \n

    Analysts have attributed the opaque revenue model of these companies and their high valuations as the prime reasons for investor fury.<\/p>\n<\/li>\n

  4. \n

    Expiry of the lock-in period for pre-IPO investors is another reason for Paytm coming under intense selling pressure; As much as 85.76 per cent of the outstanding shares are now free to trade.<\/p>\n<\/li>\n

  5. \n

    When Paytm came up with an Rs 18,300-crore initial public offer (IPO) in November last year, it was billed as India’s biggest issue.<\/p>\n<\/li>\n

  6. \n

    Promoter stake in Paytm is nil. The public holds a 100 per cent stake in the company.\u00a0Paytm has lost 58.8 per cent in the year-to-date period. The BSE benchmark index, Sensex, in the same period has gained 4.55 per cent.<\/p>\n<\/li>\n

  7. \n

    Antfin (Netherlands) Holding BV; SVF India Holdings (Cayman) Limited; SAIF III Mauritius Company Limited; Alibaba.Com Singapore E-Commerce Private Limited; SAIF Partners India IV Limited; BH International Holdings, are foreign investors in Paytm, according to shareholding pattern available on BSE; Canada Pension Plan Investment Board is the foreign portfolio investor (FPI).<\/p>\n<\/li>\n

  8. \n

    Antfin (Netherlands) Holding BV\u00a0is the single largest shareholder with a 24.88 per cent stake; China’s Alibaba Group holds 6.26 per cent; Antin is the fintech affiliate of Alibaba Group.<\/p>\n<\/li>\n

  9. \n

    Masayoshi Son-led SoftBank has invested in SVF India Holdings held 17.45 per cent before selling 4.5 per cent on Wednesday.<\/p>\n<\/li>\n

  10. \n

    Paytm’s consolidated loss has widened to Rs 593.9 crore in the July-September period of this financial year; revenue from operations increased by about 76 per cent to Rs 1,914 crore.<\/p>\n<\/li>\n<\/ol>\n

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