Elevation Capital to offload 1.3% Paytm stake for Rs 964 cr at 3% discount
Paytm's earliest institutional backer Elevation Capital is paring its holding via block deals at Rs 1,121/share, a 3% discount to Thursday's Rs 1,155.6 close. Follows a 2% offload last November, trimming its 13% legacy position in One97 Communications.
What happened
Elevation Capital, Paytm's largest institutional shareholder since 2007, is selling a 1.3% stake worth Rs 964 crore via block deals at Rs 1,121/share, a 3%
Key facts
- 1.3% stake
- Rs 964 crore
- Rs 1,121 floor price
- Rs 1,155.6 closing
- 3% discount
- 13% holding
Why this matters
Sequential block deals from the earliest institutional shareholder reset the float dynamics and create a recurring supply marker any strategic acquirer or PIPE investor will benchmark against.