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.

— Source publishedThu, 21 May, 2026, 19:49 IST·First seen Thu, 21 May, 2026, 20:20 IST·Source NDTV Profit

What happened

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

Key facts

  • Rs 960 crore
  • Rs 1,120.65/share
  • 2.99% discount
  • 8.6 million shares
  • 1.3% stake
  • Q4 profit Rs 184 cr
  • revenue Rs 2,264 cr

Why this matters

Citi-led placement of 1.3% at Rs 1,120.65 sets a fresh institutional clearing price—useful benchmark for any follow-on issuance, ESOP repricing, or strategic stake conversations.

Also reported by