Paytm slips 1.5% amid reports of ₹2,038 crore block deal
One97 Communications shares fell to ₹1,388.40 after reports that 1.5 crore Paytm shares, or 2.3% of equity, changed hands at an average ₹1,367.80. The company reported Q1FY27 net profit of ₹220 crore, up 79% year-on-year.
Paytm shares fell 1.5% after reports of a Rs 2,038 crore block deal involving 1.5 crore shares, potentially sold by Saif and Elevation entities. The payments company reported Q1FY27 profit growth driven by payments, merchant subscriptions and financial-services distribution.
Why this matters
The reported transaction follows signals that Paytm investors SAIF and Elevation were targeting a ₹2,002 crore block sale, while Elevation also planned stake sales in Paytm and Meesho.
Retail-company signals are accelerating, up 201114% QoQ.