Paytm shares jump 4% after ₹2,949 crore block deal; 26th AGM set for September 15

Shares of One97 Communications, the parent firm of Paytm, were trading with gains on Wednesday, August 19, as a clutch of foreign and domestic institutional investors, including Goldman Sachs, BNP Paribas, and Societe Generale, together on Tuesday bought a 3% stake in the fintech firm for ₹2,949 crore through open market transactions.

Other foreign investors that bought shares included Ghisallo Capital Management, Oxbow Capital Management, North Rock Capital Management, Viridian Asset Management, Vittoria Fund-OC - a hedge fund owned by Pathstone Family Office LLC, and Integrated Core Strategies (Asia) Pte Ltd.

The stock on Wednesday rallied as much as 3.78% to hit a high of ₹1,604.90 on the NSE.

These entities acquired a total of 1,92,10,110 equity shares, representing a 3% stake in the Noida-based One97 Communications Ltd, according to the block deal data on the National Stock Exchange (NSE).

Domestic institutional investors, including SBI Mutual Fund (MF), Aditya Birla Sun Life MF, HDFC MF, Kotak Mahindra MF, HSBC MF, Sundaram MF and Tata MF, also participated in the transaction.

Among insurers, ICICI Prudential Life Insurance Company and Tata AIA Life Insurance also purchased the shares of the fintech firm.

Paytm shares were picked up at an average price of ₹1,535.10 apiece, taking the combined deal size to ₹2,948.94 crore.

Meanwhile, Resilient Asset Management BV sold an equal number of shares at the same price, as per the NSE data.

Shares of One97 Communications declined 2.15% to close at ₹1,546.30 apiece on the NSE.

Key points to know

On Monday, Paytm said that its founder, Vijay Shekhar Sharma-owned Resilient Asset Management would sell a 4.98% stake in One97 Communications through a block deal.

The proceeds from the sale, however, will be retained by China-based Alibaba Group firm Antfin under its existing Optionally Convertible Debenture agreement with Resilient Asset Management, according to a regulatory filing.

Antfin had transferred its 10.3% direct stake in One97 Communications, which owns the Paytm brand, to Resilient Asset Management at a total valuation of $628 million, while retaining economic rights on the shareholding.

AGM details

On Tuesday, Paytm said that the 26th annual general meeting (AGM) of the Members of the Company will be held on Tuesday, September 15, 2026, at 09:30 a.m. (IST) through video conferencing (“VC”)/ other audio-visual means (“OAVM”).

Paytm Q1 FY27 earnings

Paytm said its efforts to simplify its payments app and invest in artificial intelligence (AI)-led features are helping attract more Gen Z customers, as the company's UPI payments business continued to grow more than double the broader industry for the second consecutive quarter in a row.

The company reported a 45% year-on-year increase in Consumer UPI Gross Transaction Value (GTV) to ₹5.9 lakh crore in Q1 FY27, about 2.2 times the industry's growth rate, while Monthly Transacting Users (MTUs) rose by 60 lakh to 8 crore.

Driving UPI growth and Gen Z adoption

Speaking during the company's Q1 FY27 post-results analyst call, Founder and CEO Vijay Shekhar Sharma said the company's focus on improving the app experience, rather than relying on individual financial products, is driving stronger consumer engagement and attracting younger customers.

"The ease and features we've brought out on the Paytm app are driving our growth. We're also seeing new Gen Z customers coming in, and Paytm has increasingly become the preferred choice for Gen Z," Sharma said.

The comments come as Paytm continues to report gains in its consumer payments business, which the company identified as one of its four key growth engines in the quarter. According to the earnings release, product innovation and AI-led customer acquisition have helped the company gain consumer payments market share for five consecutive quarters while growing more than twice as fast as the overall UPI industry.

Management said the acceleration has been driven by higher engagement among existing customers as well as new user additions, supported by continuous improvements to the app experience.