Elevation Capital sells ₹2,038 Cr of Paytm shares in block and bulk deals
Elevation Capital sold Paytm shares at an average ₹1,367.8 apiece, around 3% below the closing price, with domestic and foreign institutions as buyers. The transaction follows Paytm’s Q1 FY27 report of ₹220 Cr net profit and ₹2,448 Cr operating revenue.
Elevation Capital sold ₹2,038 crore of Paytm shares through bulk and block deals, with domestic and foreign institutions buying. The investor also offloaded ₹974.6 crore of Meesho shares. Paytm reported Q1 FY27 profit of ₹220 crore and revenue of ₹2,448 crore.
Why this matters
The sale follows reports of a ₹2,038 crore Paytm block deal and Elevation and Saif targeting a ₹2,002 crore block sale, shortly after Paytm reported consumer UPI share growth outpacing the market in Q1 FY27.
Retail-company signals are accelerating, up 205029% QoQ.
Also reported by
- Inc42 — Same time