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Paytm marquee investors not in a hurry to sell: Analysts

Upbeat on India’s leading digital payment bank’s long-term prospects

Paytm Payments Bank supports UPI market cap, maintains leadership as PSP & Issuer Bank
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Paytm Payments Bank supports UPI market cap, maintains leadership as PSP & Issuer Bank

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New Delhi: Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said.

On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors. "Paytm's lock-in expiry had no impact on the share price as the company's robust performance continues to impress investors," Avinash Gorakshakar, Director, Research, Profitmart Securities, said about Paytm.

Alibaba Group Holding Ltd and its fintech affiliate Ant Group Co are the biggest shareholders in One97 Communications Ltd, Paytm's parent company. Alibaba.Com Singapore E-Commerce Private Limited holds 6.26 per cent of One97 while Antfin (Netherlands) Holdings B.V. has another 24.88 per cent. SoftBank owns 17.45 per cent through SVF India Holdings (Cayman) Limited while Berkshire Hathaway Inc's BH International Holdings holds 2.41 per cent. Paytm's pre-IPO investors like Warren Buffet, SoftBank, Elevation Capital, and Alibaba are long-term investors. SoftBank's Masayoshi Son is reportedly not in a hurry to exit from its investments like Paytm, PB Fintech and Delhivery so as to avoid triggering panic selling.

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