Elevation Capital offloads ₹630 Cr Paytm stake; Goldman, Citi, Sundaram step in

Early backer Elevation Capital sold 56.22 lakh Paytm shares at ₹1,120.65 via block deal, just as the fintech posted its first profitable year (₹552 Cr FY26 net profit on ₹8,437 Cr revenue). Stock slipped 3.7% to ₹1,112.50 on the exit signal.

— Source publishedFri, 22 May, 2026, 22:04 IST·First seen Fri, 22 May, 2026, 22:07 IST·Source Inc42

What happened

Elevation Capital offloaded 56.22 lakh Paytm shares worth ₹630 Cr via block deal at ₹1,120.65 each. Buyers reportedly included Goldman Sachs, Citigroup,

Key facts

  • ₹630 Cr block deal
  • 56.22 Lakh shares
  • ₹1,120.65 per share
  • 13% stake held
  • FY26 net profit ₹552 Cr
  • FY26 revenue ₹8,437 Cr
  • stock down 3.7% to ₹1,112.50

Why this matters

Paytm's transition to profitability plus a cleaner cap table with marquee institutional holders materially improves its credibility for partnership, co-lending, or strategic M&A conversations going forward.

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