3 early investors to sell Paytm shares worth up to Rs 2,002 crore at 5% discount

Three investors in One 97 Communications, the parent company of Paytm, are looking to sell shares worth up to Rs 2,002 crore through a screen-based transaction on Indian stock exchanges.

The transaction is a 100% secondary share sale, which means the company will not receive any money from the deal.

The shares will be sold by Saif Partners India IV, Saif III Mauritius Company and Elevation Capital V, according to the term sheet.The base offer size is up to 1.49 crore shares, representing about 2.3% of Paytm’s existing share capital.

The base deal size is up to Rs 2002 crore, or about $210 million.

The offer floor price has been fixed at Rs 1,339.65 per share.