Is it true that Paytm has seen FPI selling?

FPI selling is true but that is only one part of the story. For example, FPI holdings in Paytm fell from 9.36% to 4.42% in Mar-22 quarter. However, retail holdings in Paytm more than doubled from 3.49% to 7.72%. Mutual funds have also been buying Paytm across the board with most of the top-10 fund houses accumulating Paytm in the quarter. The stock of Paytm may have fallen 70% from the IPO price of Rs.2,150, but anchor investors like CPPIB are still bullish. Paytm expects operating level EBITDA profits in 6 quarters.