Elevation Capital to sell 1.3% stake in Paytm's parent company, raising approximately ₹963.6 crore through a bulk share sale.

Elevation Capital to sell 1.3% stake in Paytm's parent company, raising approximately ₹963.6 crore through a bulk share sale.

Paytm's existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set at Rs 1,120.65 per…

MUMBAI: Elevation Capital, an early backer of One97 Communications which owns fintech Paytm is selling about 1.3% stake in the company worth Rs 964 crore through block deals on…