PAYTM

Paytm is in the spotlight this week as founder Vijay Shekhar Sharma’s

Paytm is in the spotlight this week as founder Vijay Shekhar Sharma’s Resilient Asset Management BV sold a 4.98% stake (worth ₹4,895 crore) via a block deal at ₹1,535.10 per share, with Antfin retaining the economic value. The stock surged nearly 9% earlier this month after Bernstein raised its target price to ₹2,200, above IPO levels, citing UPI merchant discount rate (MDR) monetisation potential. 📊 Key Updates on Paytm (August 2026) 1. Block Deal & Stake Sale Resilient Asset Management BV sold 4.98% stake in Paytm (One97 Communications). Transaction Value: ~₹4,895 crore. Price: ₹1,535.10 per share. Economic Interest: Retained by Antfin (Netherlands) under OCD agreement. Impact: Founder Vijay Shekhar Sharma’s direct holding remains unchanged. 2. Institutional Investor Participation Buyers included Goldman Sachs, BNP Paribas, Societe Generale, SBI MF, HDFC MF, Kotak MF, HSBC MF, Tata MF, and insurers like ICICI Prudential Life. Deal Size: ₹2,949 crore for ~3% stake. Stock rallied to ₹1,604.90 intraday high post-deal. 3. Market Performance Bernstein raised target price to ₹2,200 (above IPO price ₹2,150). Stock surged 9.7% intraday to ₹1,580.60, highest in 4 years. Reason: Expected introduction of UPI MDR (merchant discount rates) from FY28, boosting margins. Earnings Impact: Estimated incremental EBITDA of ₹2,200 crore by FY30. 4. Financial Results (Q1 FY27) Revenue: ₹2,448 crore (+28% YoY). EBITDA: ₹203 crore (+182% YoY), margin at 8%. Net Profit: ₹220 crore (+79% YoY). Merchant GMV: ₹7.1 lakh crore (+31%). UPI GTV: ₹5.9 lakh crore (+45%), outpacing industry growth (20%). Cash Balance: ₹13,529 crore. AI-led Cost Optimisation: Shrunk 200B parameter model to 4B, reducing call-centre costs.