NewsAug 18, 2026, 18:01 UTC

Goldman Sachs, BNP Paribas lead Rs 2,949 crore Paytm block deal

What's the deal? A group of foreign and domestic institutional investors bought a 3% stake in One97 Communications, Paytm's parent, for Rs 2,949 crore in August 2026 through open market transactions. Buyers included Goldman Sachs, BNP Paribas, and Societe Generale, which together picked up 19,210,110 shares at an average price of Rs 1,535.10 apiece.

Who else took part? Foreign buyers also included Ghisallo Capital Management, Oxbow Capital Management, North Rock Capital Management, Viridian Asset Management, Vittoria Fund-OC, and Integrated Core Strategies (Asia). Domestic mutual funds such as SBI, HDFC, Kotak Mahindra, and Tata joined, alongside insurers ICICI Prudential Life and Tata AIA Life.

Who sold? Resilient Asset Management BV, owned by Paytm founder Vijay Shekhar Sharma, offloaded the same number of shares at the same price. On 17 August 2026, Paytm had said Resilient would sell a 4.98% stake through a block deal.

Why now? Proceeds from the sale will be retained by Antfin, an Alibaba Group firm, under an existing Optionally Convertible Debenture agreement with Resilient. Antfin had transferred its 10.3% direct stake in One97 Communications to Resilient at a valuation of $628 million while keeping economic rights.

Market reaction: Shares of One97 Communications fell 2.15% to close at Rs 1,546.30 on the National Stock Exchange.

The signal: The deal marks a shift in Paytm's ownership as Chinese-linked capital exits through structured arrangements, while global banks and domestic institutions step in. It reflects growing institutional appetite for the fintech firm even as its stock slipped on the day.