Gate News message, April 15 — One 97 Communications, the parent company of Paytm, became majority Indian-owned by the end of March 2026 as domestic investors raised their combined stake to 50.3%. Domestic institutional investors held 23.1%, up 2.8 percentage points quarter-over-quarter and 9.1 percentage points year-over-year. Mutual funds held 16.6% and insurance firms held 5.1% after both groups added to their positions.
The shift came after Paytm reported its third consecutive profitable quarter, with net profit at 2.3 billion rupees (approximately US$24.1 million) and revenue up 20% year-over-year to 21.9 billion rupees (approximately US$235 million).
The ownership change aligned with regulatory developments. In August 2025, the Reserve Bank of India gave in-principle approval to Paytm Payments Services Ltd to operate as an online payment aggregator, following Ant Group’s exit from its direct stake in One 97 Communications.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. Stock Indices Rise, Dow Jones Up 2%, Tech Stocks Gain Broadly
On April 17, U.S. stocks rose significantly, with the Dow Jones increasing by 2%, the S&P 500 by 1.12%, and the Nasdaq Composite by 1.34%. Key gainers included Boeing, Home Depot, and major tech companies like Tesla and Apple.
GateNews1h ago
Schwab Wealth Management Announces Details of Its Spot Cryptocurrency Trading Service
Schwab Wealth Management has launched a spot cryptocurrency trading platform named Schwab Crypto, where retail customers can directly trade Bitcoin and Ether. The platform will offer investment, research, and wealth management services, and will partner with Paxos to help ensure asset security. In addition, Schwab Wealth Management charges a 75-basis-point fee per trade, and will gradually increase the number of supported cryptocurrencies in the future.
ChainNewsAbmedia1h ago
U.S. Rare Earth Stocks Surge on Critical Metals' Greenland Mine Control
U.S. rare earth stocks rose significantly on April 17, with Critical Metals up over 28% after gaining control of the Tasiusarsuaq deposit in Greenland. Other companies like USA Rare Earth, United States Antimony, and MP Materials also experienced gains.
GateNews2h ago
U.S. Stocks Rally on Iran's Hormuz Strait Opening; Airlines Surge, Netflix Drops
Iran's announcement to open the Strait of Hormuz led to a rise in U.S. stocks, with major indices climbing. Airline stocks soared, while Netflix dropped over 10% due to lower-than-expected profit guidance.
GateNews2h ago
American Bitcoin (ABTC) to Release Q1 2026 Earnings on May 6
American Bitcoin (ABTC) will release its Q1 2026 earnings report on May 6, 2026, after U.S. market close, followed by a live earnings call and webcast at 4:30 PM ET.
GateNews2h ago
