One 97 Communications Limited

HSBC Mutual Fund bought 1,55,000 shares of One 97 Communications Limited for ₹23.79 Cr at ₹1535.10 apiece in a block deal. A larger block deal on this date involved the sale of 1.92 crore shares, or 2.95% equity, by Resilient Asset Management B.V., an entity associated with Paytm founder Vijay Shekhar Sharma.

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.

Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.