Maithan Alloys Limited
Acquisition Details
Target Entity: One 97 Communications Limited (PayTM)
Transaction Date: 21st September, 2026 at 3:30 PM
Company Awareness Date: 22nd September, 2026 at 10:06 AM
Number of Shares Acquired: 330,000 equity shares
Percentage of Shareholding: 0.05%
Total Acquisition Cost: ₹60.19 Crore
Nature of Consideration: Cash consideration through stock exchange
Target Company Financials (as at 31.03.2026)
- Turnover: ₹5,825 Crore
- PAT: ₹67 Crore
- Networth: ₹131.13 Crore
Date of Incorporation: December 22, 2000
Turnover History:
- 2025-2026: ₹5,825 Crore
- 2024-2025: ₹5,505 Crore
- 2023-2024: ₹7,661 Crore
Transaction Characteristics
Related Party Transaction: No
Promoter/Promoter Group Interest: No
Arm's Length Transaction: Yes
Industry: Financial Technology
Geographic Presence: India
Purpose and Impact
The shares were acquired through the stock exchange and form part of Maithan Alloys Limited's investment portfolio with a view to reap long-term/short-term investment benefits. The company explicitly states it does not intend to acquire control, whether directly or indirectly, of the management of the target entity.
Regulatory Approvals and Timing
Governmental/Regulatory Approvals Required: None
Completion Status: The acquisition has been completed as of September 21, 2026
Target Business Description
One 97 Communications Limited (PayTM) is engaged in:
1. Payment and financial services including payment facilitator services, facilitation of consumer and merchant lending, wealth management
2. Marketing services including aggregator for digital products, ticketing business
3. Providing voice and messaging platforms to telecom operators and enterprise customers
Additional Information
The information relating to the target entity has been obtained from its website, Annual Report for FY 25-26, and BSE website.
Disclosure Compliance
Submitted to:
- National Stock Exchange of India Limited
- BSE Limited
- The Calcutta Stock Exchange Limited
Signing Date: September 22, 2026 at 15:23:12 +05:30