SAIF Partners, Elevation Capital sell 2.33% Paytm stake for Rs 2,038 crore

SAIF Partners and Elevation Capital sold 1.49 crore shares in Paytm parent One 97 Communications through NSE block deals, with domestic and global institutional investors buying the combined 2.33% stake.

— Source publishedWed, 5 Aug, 2026, 10:08 IST·First seen Wed, 5 Aug, 2026, 10:13 IST·Source YourStory · Capital

What happened

SAIF Partners and Elevation Capital sold a combined 2.33% stake in Paytm parent One 97 Communications for Rs 2,038 crore via NSE block deals. Domestic and

Key facts

  • 2.33% combined stake sold
  • Rs 2,038.02 crore deal value
  • 1,49,00,000 shares sold
  • SAIF Partners sold 2.17% (1,38,79,743 shares)
  • Elevation Capital sold 0.16% (10,20,257 shares)
  • Average sale price: Rs 1,367.80 per share
  • Paytm closed nearly 1% lower at Rs 1,400
  • SAIF sold 1.86% for Rs 1,556 crore in November 2025

Why this matters

The block deals broaden institutional ownership without creating a strategic-control shift, leaving Paytm’s partnership, M&A and capital-raising options largely unchanged.

What to watch

  • Further block deals or bulk deals involving large Paytm shareholders.
  • A sustained increase in domestic mutual fund, insurance, foreign institutional investor or long-only fund ownership.
  • Quarterly operating metrics showing stable merchant retention and monetisation despite the post-regulatory reset.
  • Evidence that financial-services distribution revenue offsets any pressure in payments revenue.
  • Regulatory updates affecting Paytm's partner-bank arrangements, wallet/payment products or lending distribution model.
  • Watch for exchange disclosures indicating whether other pre-IPO or strategic shareholders reduce stakes.
  • Track quarterly commentary on merchant payment volumes, subscription devices, loan-distribution volumes and contribution profitability.
  • Monitor institutional shareholding changes in the next quarterly ownership filings.
  • Look for capital-allocation signals, including whether improved market liquidity affects employee stock compensation, fundraising plans or potential strategic partnerships.

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