Paytm's unlisted owner One97 tops ₹1 lakh crore in valuation The value of One97 Communications, the parent entity of India’s largest payment services provider Paytm has crossed Rs 1 in the unofficial market, said four brokers dealing with the unlisted shares.

shares changed hands at roughly Rs 18,200 a piece this week, running up nearly 60% in the last six months after Warren Buffett’s Berkshire Hathaway a stake in the company, they said.

The firm’s value in the unofficial market has raced past the market capitalisation of listed blue-chips like IndusInd Bank, Mahindra & Mahindra, Bajaj Finserv, Titan, HDFC Standard Life Insurance and Godrej Consumer.

“Shares of One97 have jumped from ₹11,000 to ₹18,000 in just six months after Warren Buffett’s firm invested,” said Sambhav Aggarwal, director, ARMS Securities, a New Delhi-based firm dealing in unlisted shares. Rajan Shah of Mumbai-based 3A Capital Services too confirmed deals have happened at around Rs 18,000 this week.

In September, One97 approved the investment of $300 million from the US-based Berkshire Hathaway. The Omaha-based fund acquired 1,702,713 fully paid-up equity shares in Paytm at around ₹13,500 per share.

With a paid-up capital of ₹55.32 crore and at a price of ₹18,200 per share, the company is currently valued at ₹1,00,975 crore.

“The share price of Paytm’s parent company jumped only after Berkshire Hathaway bought stake in the company,” said Narottam Dharawat, a Mumbai-based broker who deals in unlisted shares. “The shares are currently trading between ₹18,000 and ₹18,200,” he added.

Paytm's unlisted owner One97 tops ₹1 lakh crore in valuation One97 tops ₹1L Cr in M-Cap

One97 Communications reported total consolidated losses of ₹1,0.4 crore for the year ended 31 March 2018. Its total revenue was ₹3,234.5 crore. The company’s reserves and surplus as on March 31, 2018 was ₹7,575.5 crore.

Paytm, which offers digital payments and has now diversified into travel, entertainment and even financial services, was valued at $7 billion (approx. ₹50,000 crore) last year when it raised funds from SoftBank.

Further it was valued at $ billion at the time of secondary share sales by the employees of the company. In January, New Delhi-based chartered accountants Akhilendra Singh & Associates valued the One97 at ₹5,581 per share and in May, Corporate Professionals Capital Private Limited valued it at ₹,560.

Promoter Vijay Shekhar Sharma held 16.36% stake in the company as on March 31, 2018. Other major shareholders as on March 31, 2018 include Alipay Singapore E-Commerce- 31.71%, SVF India Holding (Cayman)-20.47%, SAIF III Mauritius Company-28.48% and Alibaba.com-8%.



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