One 97 Communications Limited

Aditya Birla Sun Life Mutual Fund bought 30,005 shares of One 97 Communications for ₹4.61 Cr at ₹1535.10 apiece in a block deal. Shares of One 97 Communications (Paytm) came under pressure on Tuesday after Resilient Asset Management B.V. proposed to sell up to a 4.98% stake in the company through a block deal. The transaction could be worth around ₹4,895 crore if the entire stake is sold.

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.

Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.