Paytm Bulk Deal: Goldman Sachs Acquires Rs 300-Crore Stake

Goldman Sachs has acquired stake worth over Rs 300 crore in Paytm through open market transactions, according to BSE bulk deal data on Tuesday.

Goldman Sachs (Singapore) Pte.- Odi, an entity of the investment bank, bought 37.35 lakh shares, amounting to 0.58%, in Paytm parent One 97 Communications Ltd. at Rs 823.1 apiece. This takes the deal amount to Rs 307.4 crore.

Notably, China's Alibaba Group affiliate Antfin Netherlands Holding BV offloaded 2.54 crore shares or 4% stake in Paytm at Rs 826.04 apiece, according to BSE bulk deal data. It sold the shares higher than the floor price intimated in the term sheet. The overall amount at which it offloaded the stake stood was Rs 2,104 crore.

Antfin Netherlands Holding BV held 9.85% stake in Paytm as of March 2025.

Earlier, in August 2023, the Ant Group had sold nearly 3.6% stake in the company for Rs 2,037 crore.

In the quarter ended March 2025, Paytm's net loss widened to Rs 540 crore, more than twice the Rs 208-crore loss recorded in the previous quarter. This was driven by an exception loss of Rs 522 crore.

Shares of One 97 Communications on Tuesday closed 1.18% lower at Rs 855.85 apiece on the National Stock Exchange, compared to a 1.39% fall in the benchmark Nifty. The stock has risen 149.16% in the last 12 months but fallen 15.92% on a year-to-date basis.

Out of 19 analysts tracking the company, nine recommend a 'buy' rating on the stock, seven recommend 'hold' and three suggest 'sell', according to Bloomberg data. The average of the 12-month analysts' price target implies a potential upside of 10.1%.