SAIF Partners Trims Paytm Stake; Societe Generale Steps In as Shares Slide

New Delhi, November 19, 2025: In a major move, SAIF Partners, a private equity firm, has offloaded a portion of its holding in One97 Communications. The offloading was done in the open market on Tuesday. One97 Communications is the parent company of Paytm. There were also some other major trading activities in the market.

SAIF Partners Cuts Stake In One97 Communications

SAIF Partners originally held 15.33% in One97 Communications. On Tuesday, the private equity firm offloaded 1.86% of its stake in the company, bringing its current holding down to 13.47%. In the disinvestment action, SAIF offloaded a little over 1.19 crore shares. The offloading was done through its affiliates, SAIF III Mauritius Company Ltd and SAIF Partners India IV Ltd. The block sale was executed at an average price of Rs 1,305 per share. This brought the total of the transaction to Rs 1,556 crore.

Motilal Oswal Mutual Fund Sells Kaynes Technology Shares

In another major block trade of the day, Motilal Oswal Mutual Fund also offloaded its stake in Kaynes Technology India. The mutual fund sold 8.17 lakh shares of the company, which totaled around 1.22% of the company’s stake. The shares were around both stock exchanges, NSE and BSE, between the price band of Rs 5,960.05 to Rs 6,011.82. The block sale totaled around Rs 490 crore. Post the offloading, the stake of Motilal Oswal in the company has fallen from 5.84% to 4.62%. Once the market was updated about the offloading, shares of Kaynes Technology fell sharply, ending the session sharply lower. The shares of the company slipped 5.56%to Rs 5,890 on the NSE and 5.53% to Rs 5,897.80 on the BSE.

Societe Generale Buys Into One97 Communications

Amongst the major offloading, there was also a bulk buying activity as Societe Generale bought the shares of One97 Communications. Societe Generale is headquartered in Paris and has bought 32.44 lakh shares in the company. It bought a 0.51% stake of the company at the same price as the sale, totaling at Rs 423.46 crore. Details of other buyers were not available on the exchanges. Shares of One97 Communications closed 3% lower at Rs 1,292.90 on the NSE.

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