Paytm Early Backers Offload Rs 960 Cr Stake; Elevation, Saif Exit at 3% Discount
Elevation Capital and Saif Partners are selling ~1.3% of One 97 Communications via block deal at Rs 1,120.65/share, a 2.99% discount, with Citigroup as placement agent. Move follows Paytm's Q4 profit of Rs 184 cr on revenue of Rs 2,264 cr.
Early Paytm investors including Elevation Capital and Saif Partners are offloading a ~1.3% stake in One 97 Communications worth Rs 964 crore via block deal at Rs 1,120.65/share, a 3% discount, with Citigroup as placement agent.
Why this matters
Early-investor exit comes as Paytm pushes deeper into retail payments rails, recently launching Pocket Money to onboard teen shoppers via UPI Circle without requiring bank accounts.
Retail-company activity steady at 850 signals in the last 90 days.
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