Motilal Oswal Mutual Fund has increased its stake in One Communications Ltd, the parent company of Paytm, by acquiring additional shares.

Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm to raise its stake to 5.15% through open market transactions, as per a filing.

The shares were bought through more than 20 schemes of the fund including Motilal Oswal Nifty Midcap Fund, Focused Fund, ELSS Tax Saver Fund and Nifty 500, added the filing, which was made by Motilal Oswal Asset Management Co Ltd, investment manager to the schemes of Motilal Oswal Mutual Fund.

Prior to this acquisition, Motilal Oswal Mutual Fund held 4.7453% stake in Paytm.

Paytm's shares on Wednesday closed at Rs 1,248.20 per share, up 1.7%, on the BSE.

Earlier this month, China's Alibaba-owned company Antfin divested its entire holding in Paytm.

After its disastrous listing on the stock exchanges in 2021 and its struggle to achieve profit, Paytm reported its first quarterly net profit of Rs 123 crore in April-June period 2025.

Last week, The Head and Tale was the first to report that Paytm's payments aggregator arm Paytm Payments Services Ltd received the in-principle approval from the Reserve Bank of India (RBI).