BNP Paribas, ICS sells Paytm shares worth Rs 1,741 crore

Noida-based fintech major Paytm witnessed another wave of investor exits on Monday as two global shareholders offloaded large stakes through bulk deals on the NSE.

The combined value of the transactions totalled approximately Rs 1,740.81 crore, marking the second major block trade in the fintech company within a week.

According to exchange data, BNP Paribas Financial Markets sold 1.05 crore shares at an average price of Rs 1,260.06 per share, amounting to about Rs 1,330.7 crore. Integrated Core Strategies (Asia) Pte Ltd sold 32.55 lakh shares at Rs 1,259.85 per share, taking the value of its trade to Rs 410.11 crore.

Both investors exited at a marginal discount to Paytm’s previous closing price. Exchange data also revealed the identities of the buyers, including Yoke Securities Ltd, which purchased 42,07,091 shares at an average price of about Rs 1,260.23, and Graviton Research Capital LLP, which bought 32,44,963 shares at approximately Rs 1,260.98 per share. This sale comes less than a week after Elevation Capital sold 1.19 crore shares of Paytm in a bulk deal worth Rs 1,556 crore.

The recent investor activity appears to reflect profit booking, coinciding with a steady rise in Paytm’s share price. The stock has gained around 40% over the past year and is up more than 23% so far in 2025, supported by revenue growth and improved operating performance.

On the financial front, Paytm’s parent entity, One97 Communications, reported revenue of Rs 2,061 crore in the second quarter of FY26, reflecting 24% year-on-year growth and 7% sequential growth. The company posted a net profit of Rs 21 crore.

Profit was lower compared to the year-ago period primarily because the previous year included a significant one-time gain from the sale of its ticketing business, and the current quarter reflected a one-time impairment of Rs 190 crore related to a loan extended to First Games, its real-money gaming joint venture, which has since discontinued such operations.

Paytm’s board recently approved a proposal to invest up to Rs 2,250 crore in Paytm Payments Services Limited (PPSL) to strengthen its payments infrastructure and support operational requirements. The company has also introduced new products and service upgrades, including a feature allowing non-resident Indians to make UPI payments using international mobile numbers, aiming to expand UPI adoption among global users.