Retail investors' shareholding in Paytm doubles, MFs buy more shares

Canada Pension Plan increases stake in digital payments company, as some other foreign funds leave.

Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent, compared to 3.49 per cent in the quarter before, according to exchange filings by the digital payments company.

Paytm’s shares closed at Rs 641 on the BSE on Thursday, down 70 per cent from its IPO price of Rs 2,150 in November last year.

The company’s filings show that anchor investor Canada Pension Plan Investment Board (CPPIB) increased its stake from 1.57 per cent to 1.71 per cent. Some foreign investors left the company’s cap table though, with FPIs shareholding decreasing from 9.36 per cent in the December