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Societe Generale Acquires Stake in Paytm, Reflecting Institutional Confidence
Societe Generale acquired a 0.5% stake (3.24 million shares) in Paytm at ₹1,305 per share, valuing the transaction at ₹423.4 crore. The investment highlights institutional confidence in the fintech firm, particularly following the company’s recent efforts to expand its digital payment services. Paytm, which operates one of India’s largest digital wallets, continues to focus on growing its customer base while improving profitability.
This investment comes amid growing interest in India’s fintech sector, which has seen substantial growth over recent years.
Companies:
- Paytm
- Societe Generale
Tags:
- Paytm
- Societe Generale
positive
Societe Generale Acquires Stake in Paytm, Reflecting Institutional Confidence
Societe Generale acquired a 0.5% stake (3.24 million shares) in Paytm at ₹1,305 per share, valuing the transaction at ₹423.4 crore. The investment highlights institutional confidence in the fintech firm, particularly following the company’s recent efforts to expand its digital payment services. Paytm, which operates one of India’s largest digital wallets, continues to focus on growing its customer base while improving profitability.
This investment comes amid growing interest in India’s fintech sector, which has seen substantial growth over recent years.
Companies:
- Paytm
- Societe Generale
Tags:
- Paytm
- Societe Generale
1 min read
79 words
Societe Generale acquired a 0.5% stake in Paytm, signaling strong institutional confidence in the fintech company’s future prospects in India’s growing digital payment market.
Societe Generale acquired a 0.5% stake (3.24 million shares) in Paytm at ₹1,305 per share, valuing the transaction at ₹423.4 crore. The investment highlights institutional confidence in the fintech firm, particularly following the company’s recent efforts to expand its digital payment services. Paytm, which operates one of India’s largest digital wallets, continues to focus on growing its customer base while improving profitability.
This investment comes amid growing interest in India’s fintech sector, which has seen substantial growth over recent years.
Societe Generale acquired a 0.5% stake (3.24 million shares) in Paytm at ₹1,305 per share, valuing the transaction at ₹423.4 crore. The investment highlights institutional confidence in the fintech firm, particularly following the company’s recent efforts to expand its digital payment services. Paytm, which operates one of India’s largest digital wallets, continues to focus on growing its customer base while improving profitability.
This investment comes amid growing interest in India’s fintech sector, which has seen substantial growth over recent years.
Companies:
- Paytm
- Societe Generale
Tags:
- Paytm
- Societe Generale
- Paytm
- Societe Generale
- investment
- fintech
- digital payments