Retail investor's stake in Paytm has more than doubled

One97 Communications, the company that owns Paytm, announced a shareholding update on Thursday, revealing that retail shareholders have more than doubled their stake in the company.

According to the regulatory filing, the Canada Pension Plan Investment Board (CPPIB) increased its stake in Paytm from 1.57% to 1.71% in the quarter ended March 2022. Foreign Portfolio Investors' stake in the company has more than halved to 4.42% in the March 2022 quarter, down from 9.36% in the December 2021 quarter. According to the most recent shareholding pattern, retail investors' shares in the company increased to 5,00,42,638 in the March 2022 quarter, representing 7.72%, up from 2,26,52,322 shares (3.49%) in the December 2021 quarter.

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