Domestic retail investors have increased stake in fintech major Paytm to 12.85% as on December 31 from 8.28% a quarter ago, the company disclosed in an exchange filing on Saturday.

The portion of domestic institutional investors rose to 6.06% from 4.06% in the second quarter, owing to increased investment from mutual funds.

Mutual funds have increased their stake in Paytm by 2.2% to 4.99% in the reported quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.

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