Maithan Alloys Acquires 0.05% Stake in One 97 Communications for ₹60.19 Crore
Maithan Alloys Limited acquired 0.05% stake (330,000 shares) in One 97 Communications Limited for ₹60.19 Crore on September 21, 2026. The investment is for reaping long-term benefits, with no intention to acquire control. One 97 Communications Limited is in the financial technology sector.
The acquisition represents a significant investment of ₹60.19 Crore, which is a material amount for the company. While it is an investment and not directly related to Maithan Alloys' core manufacturing business, it could have implications on its overall financial performance and diversification strategy.
The acquisition is a strategic investment for the company, and while it involves a significant financial transaction, it does not immediately indicate a positive or negative impact on Maithan Alloys' core business operations or financial health. The sentiment is neutral as it is an investment activity.
Maithan Alloys Limited has announced the acquisition of equity shares in One 97 Communications Limited (PayTM) through the stock exchange. The acquisition, which took place on 21st September 2026 at 3:30 PM, involved the purchase of 330,000 shares, representing 0.05% of the shareholding, for a total cost of ₹60.19 Crore.
This strategic investment is aimed at reaping long-term and short-term investment benefits. Maithan Alloys Limited does not intend to acquire control, whether directly or indirectly, of the management of One 97 Communications Limited. The acquisition is considered an arms-length transaction and does not involve any promoter or promoter group interest.
One 97 Communications Limited operates in the financial technology sector, providing payment and financial services, including payment facilitation, lending, and wealth management, as well as marketing services. For the financial year 2025-2026, One 97 Communications Limited reported a turnover of ₹5,825 Crore, PAT of ₹67 Crore, and net worth of ₹1,313 Crore as of March 31, 2026.
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Maithan Alloys Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Maithan Alloys Limited. Read the original for the full detail.