New Delhi, Aug. 20 -- Motilal Oswal Mutual Fund has increased its stake in One 97 Communications Ltd, the parent company of Paytm, crossing the 5% threshold in shareholding. The acquisition was made through multiple schemes managed by Motilal Oswal Asset Management Company Limited.

The fund house purchased an additional 26.31 lakh shares, representing 0.41% of total equity, through open market transactions on August 11, 2024. Following this acquisition, its total shareholding in One 97 Communications rose to 3.29 crore shares, equivalent to 5.15% of the company's total equity capital.

Prior to this transaction, Motilal Oswal Mutual Fund held 3.02 crore shares, translating into a 4.75% stake. With this incremental purchase, the mutual fu...