One 97 Communications Limited

Sundaram Mutual Fund bought 1,78,624 shares of One 97 Communications for ₹27.42 Cr at ₹1535.10 apiece in a block deal. A total of 1.92 crore shares, representing a 2.95% stake in One 97 Communications, changed hands in the block deal today, valued at approximately ₹2,949 crore.

A leading digital payments and financial services platform in India, One 97 Communications operates an integrated ecosystem serving both consumers and merchants across the country. The company provides payment solutions, financial services, and commerce platforms through its core digital offerings. Its distinctive strength lies in connecting a vast network of users and merchants, enabling transactions and financial inclusion across India's digital economy through a comprehensive suite of services.

Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.