The Amsterdam-based company will offer over 3.72 crore shares and the block deal size is estimated at Rs 3,800 crore, according to ET Now report. Citing sources, the report said that Citigroup and Goldman Sachs are placement agents for the issue.
Ant Group is behind the Chinese fintech giant Alipay.
Shares of Paytm today ended at Rs 1,079.90 on the NSE, gaining by Rs 3.50 or 0.33% over the Friday closing price. The sale comes on the back of a strong 116% in the stock over a 1-year period. In 2025 so far, Paytm’s gains are to the tune of 9%.
One 97 Communications swung to profit in Q1FY26, with consolidated net gain of Rs 122.5 crore against a loss of Rs 839 crore in the year ago period. The company’s revenue from operations stood at Rs 1,917 crore, which was up 28% from Rs 1,502 crore reported in the corresponding quarter of the last financial year.
One 97 Communication had reported a net loss of Rs 540 crore in Q4FY25 and it was attributable to the owners of the parent.Meanwhile, the topline was marginally higher on a sequential basis at 0.3% over Rs 1,911 crore reported in the January-March quarter of FY25.Paytm’s operating revenue grew by 28% YoY to Rs 1,918 crore, due to increase in number of subscription merchants, higher GMV and growth in revenues from distribution of financial services.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) and PAT turned profitable at Rs 72 crore (margin of 4%) and Rs 123 crore respectively, demonstrating AI-led operating leverage, disciplined cost structure and higher other income.
Jefferies has upgraded Paytm to ‘Buy’ from ‘Hold’ following its Q1 earnings.
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