SVF India Holdings, a SoftBank entity, has sold an additional 2% stake in Paytm through open market transactions, reducing its stake in the company to 5.01%.
Brokerages will be looking forward to key commentary by the company management with updates on loan business, merchant business and consumer payment business scale-up.
Paytm Q3 Results: The firm said its consolidated net loss narrowed to ₹221 crore from ₹392 crore reported in the last financial year, while the net payment margin improved further by 63 percent to ₹748 crore in Q3FY24, YoY.