Foreign portfolio investors increased their shareholding in the Paytm operator to 20.64 per cent, while mutual funds also raised their stake to 6.15 per cent in the March 2024 quarter..
Paytm Q4 results preview: Revenue from operations is projected to decrease by 21 per cent YoY to Rs 1,830 crore, while contribution profit is estimated to decline by 15 per cent YoY to Rs 1,090 crore, with a contribution margin of 60 per cent.
Paytm is looking to migrate UPI payments to four banks and is eyeing TPAP status before March 15. This would help Paytm settle UPI transactions once it gets the third-party app provider licence, reports suggested.