Major Investors Offload Shares
Shares of One 97 Communications Ltd, the parent company of digital payments platform Paytm, are poised for a significant block deal today, May 22, 2026. Up to 86 lakh shares, representing about 1.3% of the total outstanding equity, are expected to be traded on Indian stock exchanges.
The block deal is valued at approximately Rs 963.60 crore, or $100 million, with shares likely to change hands at a floor price of Rs 1,120.65 apiece. This price reflects a 2.99% discount compared to Paytm's closing price of Rs 1,155.30 on Thursday.
Sources indicate that prominent investors including Saif III Mauritius Company Limited, Saif Partners India IV Limited, and Elevation Capital V Limited are among the selling shareholders. Citigroup Global Markets India Private Limited is reportedly acting as the placement agent for this large-scale transaction.
Context and Analyst Outlook
This block deal follows Paytm's steady performance in the March quarter. The company reported an 18% year-over-year revenue growth, with underlying growth noted as materially stronger when accounting for factors like the discontinuation of PIDF and pending UPI incentives.
Financial analysts have largely viewed Paytm's trajectory positively. JM Financial highlighted robust payments GMV growth, improving payment processing margins, and continued scaling in financial services. They anticipate operating leverage driven by AI to contribute to EBITDA margin expansion, reiterating a 'BUY' rating on the stock.
Similarly, MOFSL noted Paytm's consistent progress towards sustainable profitability, supported by healthy GMV growth and improving operating leverage. The company has successfully absorbed a substantial portion of PIDF-related costs and aims to offset more in upcoming periods, fostering a favorable risk-reward profile according to analysts.