SAIF Partners, Elevation Capital sell 2.33% Paytm stake for ₹2,038 crore
SAIF Partners and Elevation Capital sold a combined 1.49 crore shares in Paytm parent One 97 Communications through NSE block deals at an average ₹1,367.80 a share. SAIF accounted for 2.17% of the sale, while Elevation sold 0.16%.
SAIF Partners and Elevation Capital sold a combined 2.33% stake in Paytm parent One 97 Communications for ₹2,038 crore through NSE block deals. Domestic institutions and global investors bought the shares; Paytm stock closed nearly 1% lower.
Why this matters
The stake sale follows Paytm’s 79% Q1 profit increase and the board’s deferral of a bonus-share issue. Paytm shares later slipped after the Q1 profit, with an analyst identifying ₹1,250 as a buy-on-dips level.
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