Paytm rises as Elevation affiliates sell ₹2,038 crore stake in block deal
Paytm shares gained over 1% after Elevation Capital-affiliated entities sold 1.49 crore shares. NPS Trust and Axis Mutual Fund emerged as major buyers, acquiring shares worth ₹413.07 crore and ₹369.3 crore, respectively.
Paytm shares gained over 1% after Elevation Capital affiliates sold 1.49 crore shares worth ₹2,038.02 crore in a block deal. NPS Trust and Axis Mutual Fund were major buyers, acquiring shares worth ₹413.07 crore and ₹369.3 crore respectively.
Why this matters
The sale adds to recent Paytm signals reporting SAIF Partners and Elevation Capital sold 2.33% for ₹2,038 crore and Elevation sold 2.3% for about ₹2,038 crore, highlighting continued stake churn among major investors.
Retail-company signals are accelerating, up 166367% QoQ.