According to block deal data on the exchanges, Societe Generale raised around Rs. 211.46 crore worth about Rs. 1,120.65 bought about 18.87 lakh shares, making him the biggest buyer in the deal.
Hedge funds Ghisallo Master Fund LP and Viridian Asia Opportunities Master Fund separately bought 12.8 lakh shares at around Rs. 143.44 crores were bought.
Among domestic institutional investors, Nippon India Mutual Fund invested Rs. 124.5 crore worth 11.11 lakh shares were bought, while Sundaram Mutual Fund bought Rs. 3 lakh shares worth Rs 33.62 crore were bought. Edelweiss Mutual Fund also invested around Rs. Participated in this deal by buying shares worth 37.5 crores.
Other leading buyers include BNP Paribas Arbitrage, Goldman Sachs Bank Europe SE, Citigroup Global Markets Mauritius, Citigroup Global Markets Singapore and Copthal Mauritius Investments.
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Each share Rs. 1,120.65, with a total transaction size of Rs. 964 crore indicates.
Shares of Paytm fell sharply on Friday, down 3.74% or Rs. 43.20 with a decrease of Rs. settled at 1,112.40. Global investment bank Citi has been appointed as placement agent for the transaction.
As per shareholding data available on BSE, SAIF Partners held shares in One 97 Communications through its affiliates Saif Partners India Iv Limited and Saif Iii Mauritius Company Limited. While the former held 2.56 crore shares as on March 31, representing a 4% stake, the latter held over 6 crore shares for 9.43% equity.
The development comes after a sharp recovery in Paytm shares over the past year, which has helped improve operational metrics, mitigate losses and renew investor confidence in the digital payments ecosystem. The stock has delivered 34% in one year period.
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