$PAYTM

Elevation Capital, formerly known as SAIF Partners India, offloaded a 1.34 percent stake in One 97 Communications, the parent company of Paytm, through open market transactions on May 22. The sale was carried out by Elevation Capital V along with its entities, SAIF III Mauritius Company and SAIF Partners India IV, which together sold 85.98 lakh shares worth Rs 963.6 crore at Rs 1,120.65 per share. As of March 2026, SAIF Partners India IV held a 4 percent stake in Paytm, while SAIF III Mauritius Company owned 9.43 percent. A total of 12 investors acquired the shares sold in the block deal. Societe Generale emerged as the largest buyer, purchasing 18.86 lakh shares valued at Rs 211.46 crore. It was followed by Ghisallo Master Fund and Viridian Asia Opportunities Master Fund, which each acquired 12.8 lakh shares worth Rs 143.44 crore. Other investors participating in the transaction included Sundaram Mutual Fund, Citigroup Global Markets, BNP Paribas Arbitrage, Goldman Sachs Bank Europe, Nippon India Mutual Fund, Edelweiss Mutual Fund, and India Acorn ICAV. Notably, Nippon Life India Trustee, through its Nippon India Growth Mid Cap Fund, already held a 1.49 percent stake in Paytm as of March 2026. Following the transaction, Paytm shares declined 3.51 percent to close at Rs 1,112.5 on Friday.