SoftBank arm SVF India Holdings (Cayman) trims stake in Paytm by 2.13%

SVF India Holdings (Cayman), a SoftBank arm, has reduced its stake in Paytm by 2.13%, bringing its overall holding to 7.01%.

Source: Paytm

Stake sales occurred between July 14, 2023, and December 18, 2023, breaching the 2% threshold in SEBI Takeover Regulations. Previous divestments were made in November 2022 and the first half of 2023.

Source: Paytm

SoftBank strategically capitalizes on Paytm's stock price, selling off 2.13% for profitable returns amid favorable market conditions.

Source: Paytm

This move aligns with SoftBank's broader strategy, trimming investments in various portfolio companies, including PB Fintech and Delhivery, to address losses from the SoftBank Vision Fund (SVF).

Source: SoftBank

SoftBank's Indian startup portfolio remains resilient, with about 50% of companies nearing or surpassing break-even points, demonstrating agility in cost-cutting amid economic challenges.

Source: SoftBank

Paytm reported positive Q4 FY23 results, with a 78% YoY decline in net loss, a 51% increase in operating revenue, and achieving EBITDA profitability in the December quarter.

Source: Paytm