Paytm Block Deal | Elevation Capital, SAIF Partners, and SAIF III Mauritius are expected to sell a 2% share

A 2% stake in Paytm parent company — One 97 Communications Ltd — is likely to be sold through a block deal by SAIF III Mauritius, SAIF Partners and Elevation Capital. The sellers aim to raise up to ₹1,639.7 crore from the transaction. The floor price has been fixed at ₹1,281 per share, a 3.9% discount to the last closing price. The terms also include a 60-day lock-up that bars the sellers from offloading additional shares during the period.