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HomeSHARE MARKETGreen Signal For ₹470 Share; $6 Million Investment Approved By Government Panel

Green Signal For ₹470 Share; $6 Million Investment Approved By Government Panel

One 97 Communication (NSE: Paytm): There’s good news for investors in the Paytm company.

According to a report, UPI payments company Paytm received the green light from an official panel of the government to invest a massive amount of 6 million dollars within one of their main affiliates.

This panel is responsible for regulating investments that are linked to China. While the final approval from the Finance Ministry is yet to be received, this first approval is an important move towards returning to normal business for Paytm.

Paytm Is Facing Difficulties

Paytm Payment Services, a well-known brand in the fintech industry was hit hard because the company’s subsidiary Paytm Payments Bank had to close its operations due to regulations which were issued by the RBI.

This hurt the market value of Paytm and led to a dramatic decrease in its stock’s performance. Initially, the panel of government officials was reluctant to accept the deal due to concerns about Ant Group’s 9.88 percent holding in Paytm.

India has kept surveillance of Chinese companies following the dispute over border access in 2020.

Waiting For Approval For The Last Two Years

Paytm has been waiting on approval of this panel for the past two years. If it wasn’t for this panel, Paytm may have been forced to close its payment services business because Paytm was prohibited from signing new customers after March 2023 following an RBI decision.

After formal approval, Paytm will find it simpler to get the “payment aggregator” license from the Reserve Bank of India.

However, it is unclear if an official announcement has been made by either party concerning this issue at this moment.

One 97 Communications (Paytm) Stock Performance

Current Price₹ 467
52-wk High₹ 998
52-wk Low₹ 310
5 Days Return11.89%
1 Month Return19.86%

Key Fundamentals Parameters

Market Cap₹ 29,694Cr.
Stock P/E
Book Value₹ 210
Dividend0.00 %
ROCE-10.2 %
ROE-10.7 %
Face Value₹ 1.00
P/B Value2.23
OPM-11.7 %
EPS₹ -22.3
Debt₹ 177 Cr.
Debt to Equity0.01

One 97 Communications (Paytm) Shareholding Pattern

FII Holding
Mar 202371.83%
Jun 202372.11%
Sep 202360.92%
Dec 202363.72%
Mar 202460.41%
DII Holding
Mar 20233.19%
Jun 20233.54%
Sep 20234.05%
Dec 20236.07%
Mar 20246.85%
Public Holding
Mar 202324.98%
Jun 202324.35%
Sep 202335.02%
Dec 202330.22%
Mar 202432.75%
Hot Stocks Alert Join

One 97 Communications (Paytm) Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 3,279 Cr
2021₹ 2,801 Cr
2022₹ 4,974 Cr
2023₹ 7,990 Cr
2024₹ 9,978 Cr

Last 5 Years’ Net Profit:

2020₹ -2,942 Cr
2021₹ -1,701 Cr
2022₹ -2,396 Cr
2023₹ -1,776 Cr
2024₹ -1,422 Cr


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