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.
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 Citigroup, amid steady Q4 results and improving payments margins.