Paytm sees Rs 964 crore block deal as Saif, Elevation trim 1.3% stake at 3% discount
One 97 Communications faces a Rs 964 crore block deal Thursday, with early backers Saif Partners and Elevation Capital offloading 86 lakh shares at Rs 1,120.65 via Citigroup. The 2.99% discount comes despite steady Q4 results, 18% YoY revenue growth, and analyst targets of Rs 1,490.
What happened
Paytm parent One 97 Communications sees Rs 964 crore block deal at 3% discount, with Saif Partners and Elevation Capital selling 86 lakh shares (1.3% stake) via
Key facts
- Rs 964 crore
- $100 million
- Rs 1,120.65 floor price
- 2.99% discount
- 86 lakh shares
- 1.3% of outstanding
- 18% YoY revenue growth
- Rs 1,490 target
Why this matters
With legacy VCs taking liquidity at modest discounts, the cap table is opening up for strategic or institutional accumulators—now is the window to engage incoming holders and shape the next ownership chapter.