Acquisitions22 Sept 2026, 03:46 pm
Maithan Alloys acquires 0.05% stake in PayTM for ₹60.19 Cr
AI Summary
Maithan Alloys Ltd has acquired equity shares of One 97 Communications Limited (PayTM) through the stock exchange. The acquisition, completed on September 21, 2026, involved a cash consideration of ₹60.19 Crore for 330,000 shares, representing a 0.05% shareholding in PayTM. Maithan Alloys stated that the investment is intended to reap long-term/short-term benefits and does not aim to acquire control of PayTM's management. PayTM, the target entity, operates in the financial technology sector, offering payment and financial services. The transaction was conducted at "arms length" and did not involve any related party transactions.
Key Highlights
- Maithan Alloys acquired 0.05% stake in One 97 Communications (PayTM).
- The acquisition cost was ₹60.19 Crore for 330,000 shares.
- Investment is for long/short-term benefits, not management control.
- PayTM operates in financial technology and payment services.
- The acquisition was a cash transaction, completed on September 21, 2026.
Price Impact
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