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.

— Filed Fri, 22 May, 2026, 22:08 IST · Source Inc42 · Updated

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, Sundaram MF. Move follows Paytm's first profitable year (₹552 Cr FY26 net profit).

Why this matters

Marks Elevation's second major Paytm exit in quick succession after the ₹964 Cr Saif-Elevation block deal, reinforcing a pattern of early-backer paring even as Paytm turns profitable for the first time.

Retail-company signals steady at 988 in last 90 days, with fintech exits a recurring sub-theme.

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