The shares of Mid-Cap company, specializing in providing digital payments and financial services, are in focus upon a Bulk Deal Involving Goldman Sachs and Antfin Netherlands Holding.
With a market capitalization of Rs. 53,380.19 crores on Wednesday, the shares of One 97 Communications Ltd declined by upto 3.1 percent, making a low of Rs. 829.15 per share compared to its previous closing price of Rs. 856.55 per share.
One 97 Communications Ltd, engaged in providing digital payments and financial services, recently experienced a bulk deal in which Goldman Sachs (Singapore) Pte bought 37.35 lakh equity shares, at Rs. 823.1 per share for Rs. 307.4 crore, representing a total of 0.59 percent of the company.
Along with it, Antfin Netherlands Holding BV has offloaded 1.27 crore equity shares, at Rs. 826.04 per share for Rs. 1,053.6 crore and another 1.27 crore equity shares, at Rs. 823.30 per share for Rs. 1,050.1 crore, representing a total of 4 percent of the company.
This significant stake purchase and sale by prominent institutional investors has caught the market’s attention, raising questions about the stock’s near-term outlook. The move comes amid increased volatility in stocks, prompting retail investors to closely monitor the situation.
Financials & others
The company’s revenue declined by 10.9 percent from Rs. 2,398.8 crore to Rs. 2,135.3 crore in Q4FY24-25. Meanwhile, Net loss declined from a loss of Rs. 549.6 crore to a loss of Rs. 539.8 crore during the same period. The company has a low debt-to-equity ratio of 0.01. It has achieved an impressive 26.12 percent average revenue growth over the last three years.
As of March 2025, the shareholding pattern of One97 Communications Limited shows that promoters hold no stake in the company. Foreign Institutional Investors (FIIs) own the largest share at 55.39 percent, followed by Domestic Institutional Investors with 14.02 percent. The remaining 30.60 percent is held by retail investors.
Written by Sridhar J
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