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 Friday, the term sheet of the deal showed.

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

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…