SAIF Partners, Elevation Capital sells 2.3% stake in Paytm for ₹2,038 crore
A total of 1,49,00,000 shares representing a 2.33 per cent stake of One 97 Communications were offloaded by both entities, as per the block deal data on the NSE
Private equity firms SAIF Partners and Elevation Capital have divested a combined 2.33 percent stake in Paytm-owner One 97 Communications for ₹2,038 crore through open market transactions on Tuesday. The shares, representing a 2.33 percent stake of One 97 Communications, were offloaded by both entities via block deals on the National Stock Exchange (NSE).
Hong Kong-based SAIF Partners, through its two affiliates, SAIF III Mauritius Company Ltd and SAIF Partners India IV Ltd, sold 1,38,79,743 shares or 2.17 percent stake, while Elevation Capital through its arm Elevation Capital V Ltd disposed of 10,20,257 shares, representing a 0.16 percent stake.
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