Latest news with #One97Communications
Business Standard
19 hours ago
- Business
- Business Standard
One 97 Communications allots 1.93 lakh equity shares under ESOS
One 97 Communications has allotted 1,93,960 equity shares under ESOS on 02 June 2025. Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stand increased from Rs 63,79,08,591 (consisting of 63,79,08,591 equity shares of face value of Re 1 each) to Rs 63,81,02,551 (consisting of 63,81,02,551 equity shares of face value of Re 1 each).Powered by Capital Market - Live News
Economic Times
5 days ago
- Business
- Economic Times
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The stock market rebound in the past few months has prompted dominant shareholders and promoters of companies to trim their far this month, they have sold shares worth over ₹50,000 crore through bulk and block deals on the bourses after a lull, continuing from where they left off before October, when the stock market was in the midst of a bull to exchange data, prominent shareholders and promoters divested stakes in ITC InterGlobe Aviation (IndiGo), PNB Housing and One 97 Communications (Paytm) this month, along with Kfin Technologies , KPR Mill and PG Electroplast. The divestments ranged from ₹1,133 crore to ₹12,941 crore since May 1."A significant amount of domestic liquidity had been waiting on the sidelines for market stability," said Ajay Saraf, ED and head of investment banking at ICICI Securities. "With foreign funds turning positive on India's secondary market and key overhangs like geopolitical tensions and tariff concerns easing, the deal market has roared back to life."This momentum is expected to continue as long as the current positive sentiment holds and no major crisis disrupts the environment, said the largest deals, British American Tobacco sold 2.5% of its stake in ITC , worth ₹12,941 crore while Singtel affiliate Pastel Ltd sold Bharti Airtel shares worth ₹12,880 crore. BAT is the largest shareholder in ITC, while Singtel is part of the promoter group of Bharti. InterGlobe Aviation promoter Rakesh Gangwal and his family trust sold a 5.72% stake for about ₹11,564 equity firm Carlyle's subsidiary, Quality Investment Holdings, offloaded its entire stake of 10.4% in PNB Housing Finance worth ₹2,713 crore. Ant Financial, the fintech subsidiary of Alibaba Group, sold shares of One 97 Communications worth ₹2,104 crore through open-market Technologies promoter General Atlantic Singapore Fund Pte sold shares worth ₹1,790 crore."The resurgence in Indian equity capital market deals is being driven by a confluence of positive factors - stabilising geopolitical tensions, easing trade uncertainties, encouraging full-year corporate earnings, improving high-frequency macro indicators, renewed FII interest, and sustained retail inflows into domestic mutual funds," said Ranvir Davda, co-head of investment banking at HSBC India. "We believe that IPOs, blocks, and follow-on activity in the second half of calendar year 2025 will be significantly higher compared to the first half, with multiple companies having already received Sebi approval and several other listed companies having announced plans for fund-raising."The selling in the secondary market was not limited to large caps and extended to small and midcap companies such as PG Electroplast and KPR Mill, in which promoters reduced stakes by selling shares worth ₹1,132 crore and ₹1,232 crore, respectively. So far in May, the Nifty 50 has gained 2.05% while the Nifty Midcap 150 has risen 6.5% and the Smallcap 250 has advanced 9.2%."FY24 saw an all-time high in promoter exits, which was also on the back of a bullish market," said Pranav Haldea, MD, Prime Database Group. "While promoter buying is always a good sign, reasons for exit can vary and range from cashing out due to good valuation, setting up other businesses, debt reduction and personal reasons."While policy announcements from the US remain unpredictable, the momentum in open-market transactions looks likely to continue, he said.
Time of India
26-05-2025
- Business
- Time of India
Paytm shares in focus after Supreme Court stays Rs 5,712-crore GST notice against First Games
Paytm shares will be in focus after the Supreme Court stayed proceedings related to a Rs 5,712-crore Goods and Services Tax (GST) notice issued to Paytm-owned First Games by the Directorate General of GST Intelligence (DGGI), New Delhi. The update was shared in a regulatory filing by One97 Communications , the parent company of Paytm and its gaming arm, First Games. The notice, issued in April 2025, had prompted First Games to file a writ petition in the apex court. 'We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon'ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,' One97 Communications said in the filing. The case revolves around the classification and taxation of real money gaming platforms under the GST regime—an issue affecting several companies in the online gaming sector. One97 Communications clarified that the tax matter is not limited to First Games but is part of a broader legal debate involving multiple gaming platforms facing large tax demands under revised GST norms. The Supreme Court is already hearing similar petitions. The interim stay offers relief to First Games and may indicate the court's willingness to take a deeper look at how real money gaming is being taxed in India. Paytm Q4 earnings Paytm operator One97 Communications reported a consolidated net loss of Rs 540 crore in Q4FY25, marginally lower than the Rs 550 crore loss in the year-ago period. Revenue from operations for the March quarter stood at Rs 1,912 crore, down 16% year-on-year from Rs 2,267 crore in Q4FY24. Sequentially, the net loss widened from Rs 208 crore in Q3FY25, though revenue improved nearly 5% from Rs 1,828 crore in the previous quarter. Paytm share price target According to Trendlyne, the average target price for Paytm stands at Rs 933, implying an upside of nearly 11% from current levels. Among the 17 analysts covering the stock, the consensus rating is 'Hold'. Paytm shares performance Paytm shares closed at Rs 412.1 on Friday, up 1.8% on the BSE, while the Sensex gained 0.95%. The stock is down 14% year-to-date but has surged 137% over the past 12 months. Its current market capitalisation is Rs 53,855 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
26-05-2025
- Business
- Economic Times
Paytm shares in focus after Supreme Court stays Rs 5,712-crore GST notice against First Games
Paytm shares will be in focus after the Supreme Court stayed proceedings related to a Rs 5,712-crore Goods and Services Tax (GST) notice issued to Paytm-owned First Games by the Directorate General of GST Intelligence (DGGI), New Delhi. ADVERTISEMENT The update was shared in a regulatory filing by One97 Communications, the parent company of Paytm and its gaming arm, First Games. The notice, issued in April 2025, had prompted First Games to file a writ petition in the apex court. 'We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon'ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,' One97 Communications said in the filing. The case revolves around the classification and taxation of real money gaming platforms under the GST regime—an issue affecting several companies in the online gaming sector. Also Read: High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital One97 Communications clarified that the tax matter is not limited to First Games but is part of a broader legal debate involving multiple gaming platforms facing large tax demands under revised GST norms. The Supreme Court is already hearing similar petitions. ADVERTISEMENT The interim stay offers relief to First Games and may indicate the court's willingness to take a deeper look at how real money gaming is being taxed in Read: Stocks in news: Firstcry, Nazara, Swiggy, JSW Steel, NTPC ADVERTISEMENT Paytm operator One97 Communications reported a consolidated net loss of Rs 540 crore in Q4FY25, marginally lower than the Rs 550 crore loss in the year-ago from operations for the March quarter stood at Rs 1,912 crore, down 16% year-on-year from Rs 2,267 crore in Q4FY24. ADVERTISEMENT Sequentially, the net loss widened from Rs 208 crore in Q3FY25, though revenue improved nearly 5% from Rs 1,828 crore in the previous to Trendlyne, the average target price for Paytm stands at Rs 933, implying an upside of nearly 11% from current levels. Among the 17 analysts covering the stock, the consensus rating is 'Hold'. ADVERTISEMENT Paytm shares closed at Rs 412.1 on Friday, up 1.8% on the BSE, while the Sensex gained 0.95%. The stock is down 14% year-to-date but has surged 137% over the past 12 months. Its current market capitalisation is Rs 53,855 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
26-05-2025
- Business
- Time of India
Paytm shares in focus after Supreme Court stays Rs 5,712-crore GST notice against First Games
Paytm shares will be in focus after the Supreme Court stayed proceedings related to a Rs 5,712-crore Goods and Services Tax (GST) notice issued to Paytm-owned First Games by the Directorate General of GST Intelligence (DGGI), New Delhi. The update was shared in a regulatory filing by One97 Communications , the parent company of Paytm and its gaming arm, First Games. The notice, issued in April 2025, had prompted First Games to file a writ petition in the apex court. 'We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon'ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,' One97 Communications said in the filing. The case revolves around the classification and taxation of real money gaming platforms under the GST regime—an issue affecting several companies in the online gaming sector. Also Read: High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital Live Events One97 Communications clarified that the tax matter is not limited to First Games but is part of a broader legal debate involving multiple gaming platforms facing large tax demands under revised GST norms. The Supreme Court is already hearing similar petitions. The interim stay offers relief to First Games and may indicate the court's willingness to take a deeper look at how real money gaming is being taxed in India. Also Read: Stocks in news: Firstcry, Nazara, Swiggy, JSW Steel, NTPC Paytm Q4 earnings Paytm operator One97 Communications reported a consolidated net loss of Rs 540 crore in Q4FY25, marginally lower than the Rs 550 crore loss in the year-ago period. Revenue from operations for the March quarter stood at Rs 1,912 crore, down 16% year-on-year from Rs 2,267 crore in Q4FY24. Sequentially, the net loss widened from Rs 208 crore in Q3FY25, though revenue improved nearly 5% from Rs 1,828 crore in the previous quarter. Paytm share price target According to Trendlyne, the average target price for Paytm stands at Rs 933, implying an upside of nearly 11% from current levels. Among the 17 analysts covering the stock, the consensus rating is 'Hold'. Paytm shares performance Paytm shares closed at Rs 412.1 on Friday, up 1.8% on the BSE, while the Sensex gained 0.95%. The stock is down 14% year-to-date but has surged 137% over the past 12 months. Its current market capitalisation is Rs 53,855 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
