Mumbai Stock Exchange：India's payment giant continuously falls!What happened？Buffett's ＂cut meat＂ before clearing up, many giants have cash out

Affected by the PAYTM payment bank license may be revoked by the Indian Bank of India, Paytm's parent company One97 fell 10%again on Monday, and the decline in the last three trading days exceeded 40%.But the company denied market rumors.

The daily limit of 3 consecutive trading days

ONE97, listed on the Mumbai Stock Exchange in India, fell 10%on Monday.Last weekend, the exchanges changed the daily fluctuation of the One97 stock to 10%.Earlier, the stock fell 20%in a row last Thursday and Friday.

According to the company's website, one97 was established in 2019 and is a digital ecosystem for consumers and merchants.The company's payment application Paytm started with mobile phone recharge and billing payment, known as "India Alipay".At present, Paytm has now developed into a one -stop financial service platform covering digital payment, digital wallets, insurance, credit and other businesses.The company currently provides payment services, business and cloud services and financial services for 333 million consumers and more than 26 million merchants.

Last week, the Central Bank of India found that Paytm Pay Bank had multiple violations, including many transactions beyond regulatory restrictions, which caused concerns about money laundering. Therefore, it is considering the revocation of its licenses.At present, regulators have ordered the bank to stop most of its business.

In this regard, the company stated in a statement that the company and its founder Vijay Shekhar Sharma were not investigated by the Indian anti -money laundering institution.

One97 Company responds to screenshots

However, these statements did not relieve investors' concerns.One97's stock price fell another 10%on Monday. In the past three trading days, the cumulative decline of more than 40%, and the market value loss was about 2.5 billion US dollars (about RMB 18 billion).

There are many company shareholders giants

In October 2021, ONE97 was listed on the Mumbai Stock Exchange and raised 183 billion rupees (about RMB 15.72 billion at that time), setting the largest IPO record in India at that time.

The stock price trend after the one97 is listed

The company has received a lot of attention. In addition to its largest IPO when it was listed, it also originated from large Internet corporate shareholders and investment institutions from the world behind it.Among them, the company has close relations with the Ali company, so Paytm is called "India Alipay".As early as 2015, the Ant Group began to become a strategic investor of Paytm, with a shareholding ratio of 25%, ranking the largest shareholder to accelerate Paytm's business expansion through the "cooperative investment+technology output" method.At that time, Alibaba and Paytm issued a joint statement stating that injection funds will help Paytm expand mobile business and payment systems in India, including investment, technology and talent investment.

Before the company's IPO, Antfin (Netherlands) Holding B.V. Holding B.V. Holding B.V. holding a shares of 29.6%, SVF India Holdings (Cayman) Limited, a subsidiary of SoftBank Vision Fund, holds 18.3%of the company's founder of the company.7.2%of the shares, in addition, Buffett Berkshire also holds 2.8%.

But since last year, the Ali Department has gradually reduced the company's shares.In February 2023, Alibaba cleared all the shares of Paytm held by it, cash out nearly $ 300 million.The Ant Group is also gradually reducing the company's shares and gave up the position of Paytm's largest shareholder.

Another important shareholder Softbank Group sold Paytm stocks from December 19, 2023 to January 20, 2024, currently holding Paytm 5.06%of the shares.Compared with the listing before listing, the number of holdings is also huge.

It is worth noting that Berkshire cleared Paytm in 2023.But compared to the high price when investing, the selling price of Berkshire is not ideal.Holding the shares for five years, a loss of about 40%, and the "stock god" Buffett lost his past halo in India.

Responsible editor: Wan JianyiMumbai Stock Exchange