Mutual Funds Reduce Paytm Stake for First Time

Indian mutual funds have reduced their ownership in Paytm for the first time since the company went public in 2021.

This happened during the last three months of 2024.

At the same time, regular small investors have been selling their Paytm shares for seven quarters in a row.

Mutual funds now own less than 15% of Paytm, down from over 16% three months earlier.

Small investors own the least amount of Paytm shares since September 2023.

Paytm's stock price hit a low of ₹318 in February 2024 but has since rebounded to a high of ₹1,381.

However, the stock is still worth 40% less than its initial public offering price.

The company's next set of financial results could be important for the stock's future.